64Review of costing basis and funding arrangement

64 Review of costing basis and funding arrangement

(1)  [Section 64 Subsection (1) amended by No. 42 of 2002, Sched. 1, Applied:27 Nov 2002] The Treasurer must review annually the costing basis and the method and basis on which the undertaking of a community service obligation is funded, having particular regard to the efficiency and effectiveness of the Government Business Enterprise in undertaking the community service obligation.

(2)  [Section 64 Subsection (2) amended by No. 42 of 2002, Sched. 1, Applied:27 Nov 2002] As part of the review, the Treasurer must consult with the Portfolio Minister and Government Business Enterprise.

(3)  [Section 64 Subsection (3) amended by No. 42 of 2002, Sched. 1, Applied:27 Nov 2002] On completion of the review of a costing basis, the Treasurer and Portfolio Minister, jointly, may–

(a) amend the costing basis; or

(b) revoke the costing basis and substitute a new costing basis.

(4)  [Section 64 Subsection (4) amended by No. 42 of 2002, s. 37, Applied:27 Nov 2002] On completion of the review of the method and basis on which the undertaking of a community service obligation is funded, the Treasurer may–

(a) amend the method and basis; or

(b) revoke the method and basis and substitute a new method and basis.