37Compliance plan

37 Compliance plan

[Section 37 Substituted by No. 16 of 2003, s. 13, Applied:20 Jul 2005]

(1)  In each year during which a notice under section 36(1) is in force, the Hydro-Electric Corporation must prepare and provide a draft compliance plan to the Minister on or before the day specified in the notice.

(2)  The draft compliance plan is to –

(a) specify details as to the manner in which, and when, the Hydro-Electric Corporation proposes to comply with the principles established in the notice under section 36(1) ; and

(b) contain any matters and information required by that notice to be included in the compliance plan.

(3)  On receipt of a draft compliance plan, the Minister may do any one or more of the following:

(a) require the Hydro-Electric Corporation to provide further information;

(b) require the Hydro-Electric Corporation to provide to the Minister within the time specified by the Minister an amended draft compliance plan;

(c) amend the draft compliance plan or the amended draft compliance plan;

(d) approve the draft compliance plan or an amended draft compliance plan as the compliance plan.

(4)  If the Hydro-Electric Corporation fails to provide a draft compliance plan to the Minister by the day it is required to do so, the Minister may determine a compliance plan for the Hydro-Electric Corporation.

(5)  The compliance plan –

(a) takes effect when the Hydro-Electric Corporation receives –

(i) notice of its approval under subsection (3)(d) ; or

(ii) notice of its determination under subsection (4) and a copy of the compliance plan; and

(b) has effect until a further compliance plan so approved or determined by the Minister takes effect.