South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)Chapter 3 : Operation of Authority28. Business plan |
| (1) | The Authority must prepare a business plan at least 90 days before the beginning of each financial year to be approved by the Minister. |
| (2) | The business plan must— |
| (a) | include a statement of the short and medium term operational and business objectives of the Authority for at least five years; |
| (b) | outline the strategies and policies that the Authority intends to adopt in order to achieve its objectives; and |
| (c) | include, inter alia, an operational plan, a financial plan, a human resources plan and performance indicators. |
| (3) | The financial plan must include estimates of expenditure and revenue for the following financial year. |
| (4) | The Authority may amend the business plan with the Minister’s approval. |
| (5) | The Minister’s approval under subsection (1) or (4) has effect from the beginning of the financial year concerned. |