sec.104Existing authorities with high risk category allocation if annual review process not finished before the commencement

sec.104 Existing authorities with high risk category allocation if annual review process not finished before the commencement

This section applies if— before the commencement, the scheme manager had started, but not finished, the annual review process for an authority; and on the commencement— the estimated rehabilitation cost for the authority is equal to or more than $100,000 but less than $10m; and the authority is allocated to the risk category of high. On the commencement— the review process ends; and the scheme manager must give the holder a notice stating that the review process has ended. If, for the last annual review decision made in relation to the authority before the commencement, former section 46(b) applied, new part 3, division 2, subdivision 2 applies in relation to the authority as if— the matters mentioned in new section 53(f) applied in relation to the authority; and new section 55A required the surety for the authority to be given within 30 business days after the later of the following— the relevant anniversary day for the authority; the day the scheme manager gives the notice under subsection (2)(b). s 104 ins 2024 No. 33 s 129 (sec.104-ssec.1) This section applies if— before the commencement, the scheme manager had started, but not finished, the annual review process for an authority; and on the commencement— the estimated rehabilitation cost for the authority is equal to or more than $100,000 but less than $10m; and the authority is allocated to the risk category of high. (sec.104-ssec.2) On the commencement— the review process ends; and the scheme manager must give the holder a notice stating that the review process has ended. (sec.104-ssec.3) If, for the last annual review decision made in relation to the authority before the commencement, former section 46(b) applied, new part 3, division 2, subdivision 2 applies in relation to the authority as if— the matters mentioned in new section 53(f) applied in relation to the authority; and new section 55A required the surety for the authority to be given within 30 business days after the later of the following— the relevant anniversary day for the authority; the day the scheme manager gives the notice under subsection (2)(b).

• (a) before the commencement, the scheme manager had started, but not finished, the annual review process for an authority; and
• (b) on the commencement— (i) the estimated rehabilitation cost for the authority is equal to or more than $100,000 but less than $10m; and (ii) the authority is allocated to the risk category of high.
• (i) the estimated rehabilitation cost for the authority is equal to or more than $100,000 but less than $10m; and
• (ii) the authority is allocated to the risk category of high.
• (i) the estimated rehabilitation cost for the authority is equal to or more than $100,000 but less than $10m; and