(1) On or before the
submission date for a GTE for a budget year, the GTE’s board must submit
to the Portfolio Minister and the Treasurer —
(a) any
information in the possession or control of the GTE and its subsidiaries that
is required by the Treasurer for the purposes of preparing the relevant budget
papers for the year; and
(b) a
draft annual performance statement for the GTE for the year; and
(c) any
further information in the possession or control of the GTE and its
subsidiaries that is required by the Portfolio Minister or the Treasurer for
the purpose of considering the draft annual performance statement.
(2) After receiving a
draft annual performance statement, the Portfolio Minister may require the
board —
(a) to
consider or further consider any matter; and
(b) to
submit to the Portfolio Minister and the Treasurer —
(i)
a draft annual performance statement revised in light of
that consideration; and
(ii)
any information in the possession or control of the GTE
and its subsidiaries that is required by the Portfolio Minister or the
Treasurer for the purpose of considering the revised draft.
(3) The board must
comply with a requirement under subsection (2).