Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The corporate plan prepared by the Board under section 35 of the Public Governance, Performance and Accountability Act 2013 must:
(a) outline the overall strategies and policies that the SBS and its subsidiaries are to follow:
(i) to achieve the objectives of the SBS; and
(ii) to fulfil the SBS's principal and subsidiary functions; and
(iii) to ensure that the Board performs its role under paragraph 9(b) and fulfils its duties under section 10; and
(b) include a forecast of the revenue and expenditure of the SBS and its subsidiaries, including a forecast of capital expenditure and borrowings; and
(c) set out any measures that the Board proposes to adopt (in addition to receiving advice from the Community Advisory Committee) to ensure that it is aware of, and responsive to, community needs and opinions (including the needs and opinions of small or newly arrived ethnic groups) on matters relevant to the Charter; and
(d) include such other matters as are prescribed.
(2) The forecast of the revenue and expenditure of the SBS must include an assessment of all the taxes and charges that would be payable by the SBS under the laws of the Commonwealth and of each State and Territory if the SBS were subject to taxation liability under those laws.
(3) In this section, unless the contrary intention appears, subsidiary means a prescribed company within the meaning of section 52 that the SBS controls.
(4) For the purposes of the application of section 35 of the Public Governance, Performance and Accountability Act 2013 in relation to the SBS, subsidiary is taken to have the meaning given by subsection (3) of this section, despite the definition of subsidiary in section 8 of that Act.
(5) The Board may review and revise a corporate plan at any time.