149I Process for providing statement of performance expectations to responsible Minister

(1)

A Crown entity that is required to prepare a statement of performance expectations must provide it to its responsible Minister.

(2)

The process that must be followed in providing a statement of performance expectations is as follows:

(a)

the Crown entity must provide a draft statement of performance expectations to its responsible Minister—

(i)

not later than 2 months before the start of the financial year to which the statement of performance expectations relates; or

(ii)

in the case of a newly established Crown entity to which section 149D applies, within the time frame specified by the responsible Minister; and

(b)

the responsible Minister must provide to the entity any comments that he or she may have on the draft not later than 15 working days after receiving it; and

(c)

the entity must consider the comments (if any) on the draft and provide the final statement of performance expectations to the responsible Minister—

(i)

as soon as practicable after receiving the comments (if any), but before the start of the financial year to which the statement of performance expectations relates; or

(ii)

if the Crown entity is a newly established entity to which section 149D applies,—

(A)

as soon as practicable, but not later than 25 working days, after receiving the comments; or

(B)

if the responsible Minister does not provide comments within the period specified in paragraph (b), not later than 25 working days after the end of that period.

Section 149I: inserted, on 1 July 2014, by section 58 of the Crown Entities Amendment Act 2013 (2013 No 51).