Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 (62 of 2014)

Schedule 7   Amendments of Acts starting with A

Australian Broadcasting Corporation Act 1983

175   Section 31B

Repeal the section, substitute:

31B Matters to be included in corporate plans

(1) Each 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 Corporation and its subsidiaries are to follow to ensure that the Board fulfils its duties under section 8; and

(b) include a forecast of the revenue and expenditure of the Corporation and its subsidiaries, including a forecast of capital expenditure and borrowings; and

(c) include such other matters as are prescribed in the regulations made for the purposes of this Act.

(2) Subsection 35(3) of the Public Governance, Performance and Accountability Act 2013 (which deals with the Australian Government’s key priorities and objectives) does not apply to a corporate plan prepared by the Board.

(3) In this section:

subsidiary means a prescribed company within the meaning of section 25A of this Act that the Corporation controls.

(4) For the purposes of the application of section 35 of the Public Governance, Performance and Accountability Act 2013 in relation to the Corporation, 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.