137Allocator to prepare allocation statement

137 Allocator to prepare allocation statement

(1) The allocator must give to the Treasurer and the Minister, within the period of 3 months after the date on which an agreement is entered into under section 136 or such longer period as the Treasurer and the Minister approve, a statement approved by the Minister relating to the MEU property as at a date specified by the Minister for the purposes of this section.

(a) must allocate the MEU property shown in the statement between the distribution companies;

(b) must be signed by the allocator.

(4) The Treasurer and the Minister may at any time direct the allocator to amend a statement given to them under this section as specified in the direction.

S. 137(5A) inserted by No. 56/1995 s. 23.

(5A) A direction under subsection (4) or an amendment under subsection (5) that would affect a distribution company must not be given or made unless all the shares in the distribution company are held by, or on behalf of, the State or a statutory authority.

(6) In this section, statement and allocation statement include a statement or allocation statement amended in accordance with this section.

S. 138