Varying plans with Ministerial approval
(1) TEQSA may, with the Minister's approval, vary a strategic plan.
(2) When giving the Minister a proposed variation, TEQSA must also give the Minister a proposal for any consequential variation of a relevant annual operational plan.
(3) The Minister may, at any time, request TEQSA to vary a strategic plan. TEQSA must comply with the request.
(4) A variation approved by the Minister takes effect on the day it is approved.
Ministerial approval not required for minor variations
(5) Despite subsection (1), TEQSA may vary a strategic plan without the approval of the Minister if the variation is of a minor nature. The variation takes effect on the day it is made.
(6) If TEQSA makes a variation of a minor nature, TEQSA must inform the Minister of the variation as soon as is practicable.