Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Board must, for the 2012 - 2013 financial year and each later financial year, develop a general funding strategy for the provision of financial assistance under this Act.
(2) The general funding strategy for the 2012 - 2013 financial year must be developed as soon as practicable after the start of that year. A general funding strategy for a later financial year must be developed during the previous financial year.
(3) A general funding strategy must:
(a) be in writing; and
(b) be expressed to relate to the financial year for which the strategy is developed and the next 2 financial years; and
(c) state ARENA's principal objectives and priorities for the provision of financial assistance under this Act during the financial year for which the strategy is developed and the next 2 financial years.
(4) A general funding strategy must not require financial assistance to be provided to a particular person, or for a particular project.