South Australian Numbered Acts South Australian Numbered Acts (1) The Board must
ensure that, in accordance with this section—
(a)
management plans are prepared for the Fund; and
(b) the
plans are presented at public meetings convened for the purpose.
(2) The management
plans must be prepared and presented as follows:
(a) the
first plan must cover a 5 year period and be prepared and presented within
12 months after the commencement of this section;
(b) a
revised plan must be prepared and presented at least once every 12 months
after presentation of the first plan and must, in each case, cover the ensuing
period of 5 years.
(3) A management plan
must contain—
(a) an
estimate of the contributions to the Fund likely to be received over the
relevant period;
(b)
proposals for the investment of the Fund;
(c)
proposals for the application of the Fund;
(d)
other matters considered appropriate to be included by the Board.
(4) The Board must
ensure that industry members are consulted during preparation of a management
plan.
(5) The Board must
ensure that, at least 2 weeks before the date of a public meeting to be
convened under this section, a notice of the date, time, place and purpose of
that meeting is published in a newspaper circulating generally throughout the
State.
(6) The Board may
revise and update its management plan at any time.
(7) The Board must
cause a copy of its current management plan to be kept available for
inspection by members of the public, without charge and during normal office
hours, at a place determined by the Minister.