(1) The Authority must, with its first annual report under this Act, submit to the Minister a corporate plan for the next 5 years containing—
(a) an assessment of the operating environment; and
(b) the corporate objectives of the Authority; and
(c) the strategies for achieving the corporate objectives; and
(d) indicators against which the performance of the Authority can be measured.
(2) The Authority must with each fifth annual report, submit to the Minister a new corporate plan for the next 5 years containing the matters specified in subsection (1).
(3) The Authority must take into account the views of the dairy industry in preparing a corporate plan.