(1) After consulting
the Portfolio Minister and the Treasurer, a GTE’s board may vary the
GTE’s annual performance statement for a budget year.
(2) After consulting a
GTE’s board the Portfolio Minister may, with the approval of the
Treasurer —
(a)
present to the board a variation to the GTE’s annual performance
statement; and
(b)
notify the board that the statement as varied is to be the GTE’s annual
performance statement.
(3) If the GTE’s
board makes a variation under subsection (1) or the Portfolio Minister gives a
notification under subsection (2) the annual performance statement as varied
becomes the annual performance statement for the GTE for the budget year or
the remainder of it.
(4) The Portfolio
Minister must cause the text of a notification under subsection (2) to be laid
before each House of Parliament within 14 sitting days of the House after the
notification is given.
(5) Subsection (4)
does not require the Portfolio Minister to cause the text of the variation or
of the annual performance statement as varied to be laid before each House of
Parliament.