Victorian Numbered Acts Victorian Numbered Acts(1) The requirements in this section are in addition to the requirements under section 64.
(2) The board of directors of a Transport Corporation must give a copy of the proposed corporate plan to the Minister on or before 31 May in each year.
(3) The proposed corporate plan must—
(a) be in a form approved by the Minister;
(b) include a statement of corporate intent in accordance with section 166 ;
(c) include a business plan and financial statements containing any information that the Minister requires.
(4) The board of directors of a Transport Corporation must consider any comments on the proposed corporate plan that are made to the board of directors by the Minister within 2 months after the proposed corporate plan was submitted to the Minister.
(5) The board of directors of a Transport Corporation must—
(a) consult in good faith with the Minister following communication to the board of directors of the comments;
(b) make such changes to the plan as are agreed between the Minister and the board of directors;
(c) deliver the completed corporate plan to the Minister within 2 months after the commencement of the financial year.
(6) The corporate plan, or any part of the corporate plan, must not be published or made available except for the purposes of this Part without the prior approval of the board of directors of the Transport Corporation and the Minister.
(7) The corporate plan may be modified at any time by the board of directors of the Transport Corporation with the agreement of the Minister.
(8) If the board of directors of a Transport Corporation, by written notice to the Minister, proposes a modification to the corporate plan, the board of directors may make the modification unless the Minister, by written notice within 14 days, directs the board of directors not to make the modification.
(9) The Minister may, by written notice, direct the board of directors of a Transport Corporation to include in, or omit from, a statement of corporate intent, a business plan or a financial statement of a specified kind, any specified matters.
(10) Before giving a direction under this section, the Minister must consult with the board of directors of the Transport Corporation as to the matters referred to in the notice.
(11) The board of directors of the Transport Corporation must comply with a direction under this section.
(12) At any particular time, the statement of corporate intent, the business plan or the financial statements for a Transport Corporation are the statements and plan last completed, with any modifications or deletions made in accordance with this Division.