Victorian Current Acts Victorian Current Acts(1) Each year the Foundation must develop, in consultation with the Minister, a business plan for the next financial year.
(2) The business plan must include the following—
(a) the Foundation's budget for the next financial year;
(b) what the Foundation intends to do over the next financial year;
(c) the Foundation's objectives and priorities for the next 4 financial years;
(d) financial projections for the Foundation for the next 4 financial years;
(e) any other matters that the Minister requires in writing.
(3) The Board must approve a business plan developed under subsection (1) by 30 September in the financial year to which the plan relates.
(4) The Foundation must consult with the Minister before departing significantly from the business plan approved by the Board for the current financial year (the approved business plan ).
(5) The Foundation must have regard to its approved business plan in carrying out its functions.
(6) The Foundation must ensure that a copy of its
approved business plan is published on the Internet within a reasonable time
after its approval by the Board.
Pt 3 (Heading and ss 25, 26) repealed by No. 62/2011 s. 26, new Pt 3 (Heading and s. 25) inserted by No. 58/2015 s. 18.
Part 3—Transitional provisions