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Plans.
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58.—(1) The Authority shall, as soon as practicable after its establishment and at such other times as it thinks fit, require the chief executive of the Authority to prepare a plan which shall set out the proposals of the Authority for carrying out its functions during the period, such period being not less than two years, to which the plan relates.
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(2) The Higher Education and Training Awards Council and the Further Education and Training Awards Council shall, by such date as the Authority may from time to time determine, require each of their chief executives to prepare a plan which shall set out the proposals of each such Council for carrying out its functions during the period, such period being not less than two years, to which the plan relates.
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(3) A relevant body may, having regard to the resources available to it, either approve of the plan prepared under subsection (1) or (2) without modification or, after consultation with its chief executive, approve of the plan subject to such modifications as it thinks fit.
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(4) As soon as practicable after the Higher Education and Training Awards Council or the Further Education and Training Awards Council, as the case may be, approves of the plan under subsection (3), the Council concerned shall provide a copy of the plan to the Authority.
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(5) The Authority may, having regard to the resources available to it, either approve of a plan provided to it under subsection (4) without modification or, after consultation with the Higher Education and Training Awards Council or the Further Education and Training Awards Council, as the case may be, approve of the plan subject to such modifications as the Authority thinks fit.
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(6) The Authority shall provide a copy of the plan concerned to the Minister as soon as practicable after it approves of that plan under subsection (3) or (5).
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