Mineral and Energy Resources (Financial Provisioning) Act 2018
sec.106Application of new pt 3, div 1, sdiv 2 for particular authorities to which s 105 applies
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sec.106 Application of new pt 3, div 1, sdiv 2 for particular authorities to which s 105 applies
This section applies if— section 105 stops applying in relation to an authority— under section 105(11)(c); or because section 105, according to its terms, is spent; and under new part 3, division 1A, the scheme manager gives the changed holder an election notice for the authority. For deciding the changed holder allocation in relation to the changed holder event, new part 3, division 1, subdivision 2 applies in relation to the authority as if the authority were not allocated to a risk category. s 106 ins 2024 No. 33 s 129 (sec.106-ssec.1) This section applies if— section 105 stops applying in relation to an authority— under section 105(11)(c); or because section 105, according to its terms, is spent; and under new part 3, division 1A, the scheme manager gives the changed holder an election notice for the authority. (sec.106-ssec.2) For deciding the changed holder allocation in relation to the changed holder event, new part 3, division 1, subdivision 2 applies in relation to the authority as if the authority were not allocated to a risk category.
- (a) section 105 stops applying in relation to an authority— (i) under section 105(11)(c); or (ii) because section 105, according to its terms, is spent; and
- (i) under section 105(11)(c); or
- (ii) because section 105, according to its terms, is spent; and
- (b) under new part 3, division 1A, the scheme manager gives the changed holder an election notice for the authority.
- (i) under section 105(11)(c); or
- (ii) because section 105, according to its terms, is spent; and