sec.90Payments from fund

sec.90 Payments from fund

The chief executive and under-Treasurer must decide jointly whether to make a payment from the fund. An amount may be paid from the fund only if the amount will, or is likely to, contribute to achieving a purpose of the fund. In making a payment from the fund, the chief executive and under-Treasurer must have regard to the following matters— how effectively the payment will contribute to achieving a purpose of the fund; whether the payment is the most practical or cost-effective way to achieve a purpose of the fund; whether there are alternative sources of funding available for the purpose for which the proposed payment is to be made; any other matter prescribed by regulation. A regulation must prescribe the categories of costs for which amounts may be paid from the fund under subsection (2) . training costs to support affected energy workers in gaining employment within the energy sector or another sector relocation costs for particular affected energy workers to support continued employment within the energy sector categories of costs necessary to achieve the purpose of the fund mentioned in section 89 (b) A regulation may prescribe— requirements or obligations that must be complied with by a recipient or proposed recipient of a payment from the fund; and A regulation may require fund recipients to report on the use of the funds. for a category of costs prescribed under subsection (4) —the entities to which, or the affected energy workers in relation to whom, amounts for the costs are to be paid; and any other matter necessary or convenient to ensure the fund is administered— in accordance with this Act; and in an effective and efficient way. Before the Minister recommends to the Governor in Council the making of a regulation under this section, the chief executive must consult with the under-Treasurer about the proposed regulation. s 90 amd 2025 No. 30 s 57 (sec.90-ssec.1) The chief executive and under-Treasurer must decide jointly whether to make a payment from the fund. (sec.90-ssec.2) An amount may be paid from the fund only if the amount will, or is likely to, contribute to achieving a purpose of the fund. (sec.90-ssec.3) In making a payment from the fund, the chief executive and under-Treasurer must have regard to the following matters— how effectively the payment will contribute to achieving a purpose of the fund; whether the payment is the most practical or cost-effective way to achieve a purpose of the fund; whether there are alternative sources of funding available for the purpose for which the proposed payment is to be made; any other matter prescribed by regulation. (sec.90-ssec.4) A regulation must prescribe the categories of costs for which amounts may be paid from the fund under subsection (2) . training costs to support affected energy workers in gaining employment within the energy sector or another sector relocation costs for particular affected energy workers to support continued employment within the energy sector categories of costs necessary to achieve the purpose of the fund mentioned in section 89 (b) (sec.90-ssec.5) A regulation may prescribe— requirements or obligations that must be complied with by a recipient or proposed recipient of a payment from the fund; and A regulation may require fund recipients to report on the use of the funds. for a category of costs prescribed under subsection (4) —the entities to which, or the affected energy workers in relation to whom, amounts for the costs are to be paid; and any other matter necessary or convenient to ensure the fund is administered— in accordance with this Act; and in an effective and efficient way. (sec.90-ssec.6) Before the Minister recommends to the Governor in Council the making of a regulation under this section, the chief executive must consult with the under-Treasurer about the proposed regulation.