50Regulator must prepare risk assessment and risk

50 Regulator must prepare risk assessment and risk management plan (1) Before issuing the licence, the regulator must prepare a risk assessment and a risk management plan in relation to the dealings proposed to be authorised by the licence. (3) Unless section 50A applies in relation to the application for the licence, the regulator must seek advice on matters relevant to the preparation of the risk assessment and the risk management plan from— (a) the States; and regulation for this paragraph; and

(d) the Commonwealth Environment Minister; and (e) any local council that the regulator considers appropriate.