(1) During the
preparation period a GTE’s board must —
(a)
consult the Portfolio Minister and the Treasurer regarding the GTE’s
statement of expectations for the statement period; and
(b)
prepare a draft statement of expectations and submit it to the Portfolio
Minister and the Treasurer by a date set by the Portfolio Minister.
(2) After receiving a
draft statement of expectations, the Portfolio Minister may require the board
—
(a) to
consider or further consider any matter; and
(b) to
submit a draft revised in light of that consideration to the Portfolio
Minister and the Treasurer by a further date set by the Portfolio Minister.
(3) The board must
comply with a requirement under subsection (2).