Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts24. (1) The object of this section is to provide for the development by the Corporation, in consultation with the Minister, of an annual business plan for the Corporation within, as far as practicable, the first 2 months of each financial year, and shall be construed accordingly.
(2) The Corporation shall, as far as practicable within 1 month after the commencement of each financial year, submit to the Minister a draft business plan in respect of that financial year.
(3) The draft shall contain the statement, and descriptions of the type, referred to in subsection 23 (1).
(4) The Minister shall, in writing, as soon as practicable after receipt of the draft—
(a) provide comments to the Corporation on the draft; or
(b) advise the Corporation that he or she proposes to make no comments.
(5) If the Minister advises the Corporation that he or she proposes to make no comments, the provisions of the draft shall be the business plan of the Corporation in respect of that financial year.
(6) As soon as practicable after receipt of any comments by the Minister, the Corporation shall—
(a) consider the comments;
(b) consult with the Minister on any of the comments with which the Corporation does not agree with a view, as far as practicable, to reaching agreement; and
(c) forward to the Minister a revised version of the business plan which, as far as practicable, gives effect to the Minister's comments and other matters agreed on during consultations with the Minister.
(7) If the Corporation forwards to the Minister a revised version of the business plan, the provisions of that plan shall be the business plan of the Corporation in respect of that financial year.
(8) The Minister shall, within 3 sitting days of a business plan coming into effect, cause a copy of the plan to be laid before the Legislative Assembly.
(9) Before laying a copy of the business plan before the Legislative Assembly the Minister may delete from the plan any part dealing with commercially sensitive information but then he or she shall lay before the Legislative Assembly, with the plan, a further statement setting out the general nature of the material deleted and the reason for the deletion.