Commonwealth Consolidated Acts Commonwealth Consolidated ActsDevelopment and approval of strategic investment plan
(1) The Board must:
(a) develop a strategic investment plan for the NTAI Corporation; and
(b) ensure that a strategic investment plan is in force at all times after the end of 18 months starting on the commencement of this section.
(2) A strategic investment plan must:
(a) relate to a period of 3, 4 or 5 financial years; and
(b) state the NTAI Corporation's priorities and principal objectives for the period in relation to:
(i) the performance of its functions under paragraphs 65BB(a) and (c); and
(ii) the making of investments, whether in the performance of its function under paragraph 65BB(b) or in the exercise of its power under subsection 65BG(1).
(3) A strategic investment plan must be approved by the Board at least 6 months before the start of the period to which it relates.
(4) A strategic investment plan approved by the Board is in force for the period to which the plan relates.
(5) The NTAI Corporation rules may prescribe matters that must be included in a strategic investment plan.
(6) In developing a strategic investment plan, the Board must:
(a) consult with:
(i) Aboriginal people living in the Northern Territory; and
(ii) Aboriginal organisations based in the Northern Territory; and
(b) have regard to any advice provided by the investment committee referred to in section 65FA in relation to the plan.
Tabling and publishing strategic investment plan
(7) The Board must give the Minister a copy of a strategic investment plan within 30 days after the Board approves the plan.
(8) The Minister must cause a copy of a strategic investment plan to be laid before each House of the Parliament within 15 sitting days of that House after the Minister receives the plan.
(9) The Board must cause a copy of a strategic investment plan to be published on the internet as soon as practicable after the plan is laid before a House of the Parliament.
Revising strategic investment plan
(10) The Board may review a strategic investment plan for a period, and approve a revised strategic investment plan for the period, at any time.
(11) If the Board reviews a strategic investment plan, then:
(a) subsections (5) and (6) apply in relation to any revision of the plan in the same way as they apply in relation to the development of the plan; and
(b) subsections (7), (8) and (9) apply in relation to any revised strategic investment plan approved under subsection (10) in the same way as they apply in relation to a strategic investment plan approved under subsection (3).