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Determination by Minister of net expenditure limits for Agency
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45. (1) Subject to subsection (2), the Minister shall, in respect of a financial year of the Agency—
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(a) determine the maximum amount of net expenditure that may be incurred by the Agency for that financial year, and
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(b) notify the Agency of the determination of net expenditure in the context of the Performance Statement.
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(2) Where the Minister considers it appropriate in any particular case, a determination under this section may relate to such period (other than the financial year of the Agency) as the Minister may specify in a notification under subsection (1).
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(3) The Minister may amend a determination under subsection (1) by varying the maximum amount of net expenditure that the Agency may incur for a particular financial year and, if the Minister varies that amount, the Minister shall notify the Agency in writing of the amendment as soon as may be and the amended determination shall apply and have effect.
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