Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Chair of the AASB, under the Minister, is responsible for managing the Office of the AASB.
(2) In particular, the Chair of the AASB is responsible for approving:
(a) the AASB's priorities, business plans and procedures; and
(b) the Office of the AASB's budgets and staffing arrangements (including level, structure and composition of staffing).
(3) If the Chair of the AASB takes action that is inconsistent with any advice the FRC has given under paragraph 225(2)(b) or (ba), he or she must:
(a) make a written record of his or her reasons for not following the advice; and
(b) give a copy of the advice and of his or her reasons to the Minister; and
(c) include a copy of the advice and of his or her reasons in the annual report given by the Chair under section 46 of the Public Governance, Performance and Accountability Act 2013 for the period during which the action is taken.