(1) TEQSA must give a copy of a strategic plan to the Minister for approval on or before:
(a) for the first strategic plan--the end of the period of 3 months beginning on the day this Act receives the Royal Assent; and
(b) for later strategic plans--either:
(i) 31 January in the last year of the 3-year period to which the previous plan related; or
(ii) such later day as the Minister allows.
(2) Subsection (1) does not apply to a strategic plan if the Minister decides the plan does not need approval.
(3) A strategic plan comes into force on:
(a) if the plan needs Ministerial approval--the later of:
(i) the day it is approved by the Minister; and
(ii) the first day of the period to which it relates; or
(b) otherwise--the first day of the period to which it relates.