(1) If the Minister
has not agreed to a draft statement of corporate intent before the start of a
financial year, the latest draft statement shall be the statement of corporate
intent for the Corporation until a draft statement of corporate intent is
agreed to under section 16O.
(2) In subsection (1)
—
latest draft statement means the draft statement
of corporate intent submitted, or last submitted, by the board to the Minister
before the start of the financial year with any modifications made by the
board, whether before or after that time, at the direction of the Minister.
[Section 16N inserted: No. 25 of 1998 s. 18;
amended: No. 28 of 2006 s. 450.]