QLDIn ForceAct
Mineral and Energy Resources (Financial Provisioning) Act 2018
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Mineral and Energy Resources (Financial Provisioning) Act 2018
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The scheme manager may decide, on the scheme manager’s own initiative, to change the annual review allocation day for an authority to another day (the new day ). The scheme manager must, before deciding to change the annual review allocation day to the new day, give the holder of the authority a notice (a notice of indicative decision ) stating— the new day; and the reasons for the proposed change; and that the holder may, within 20 business days after the notice of indicative decision is given— make submissions to the scheme manager about a matter mentioned in paragraph (a) or (b) ; or give the scheme manager notice that the holder accepts the new day as the annual review allocation day for the authority. The scheme manager may extend the period mentioned in subsection (2) (c) by notice given to the holder. In deciding whether to change the annual review allocation day to the new day, the scheme manager— must consider— the effect the new day will have on the operation of the scheme; and any administrative efficiencies the new day may achieve for the holder; and may consider any other matter the scheme manager considers relevant. After considering any submissions made under subsection (2) , the scheme manager must decide— to change the annual review allocation day to the new day; or to change the annual review allocation day to another day agreed between the scheme manager and the holder; or not to change the annual review allocation day. The scheme manager must make the decision— if the holder gives the scheme manager a notice under subsection (2) that the holder accepts the new day—within 5 business days after the scheme manager receives the notice; or if the holder does not make submissions under subsection (2) —within 5 business days after the period in which the holder was permitted to make submissions ends; or if the holder makes submissions under subsection (2) —within 20 business days after the scheme manager receives the submissions. As soon as practicable after making the decision, the scheme manager must give the holder notice of the decision. If the scheme manager decides to change the annual review allocation day, the notice under subsection (7) must state— the annual review allocation day for the authority; and when the change to the annual review allocation day takes effect. s 41B ins 2024 No. 33 s 109 (sec.41B-ssec.1) The scheme manager may decide, on the scheme manager’s own initiative, to change the annual review allocation day for an authority to another day (the new day ). (sec.41B-ssec.2) The scheme manager must, before deciding to change the annual review allocation day to the new day, give the holder of the authority a notice (a notice of indicative decision ) stating— the new day; and the reasons for the proposed change; and that the holder may, within 20 business days after the notice of indicative decision is given— make submissions to the scheme manager about a matter mentioned in paragraph (a) or (b) ; or give the scheme manager notice that the holder accepts the new day as the annual review allocation day for the authority. (sec.41B-ssec.3) The scheme manager may extend the period mentioned in subsection (2) (c) by notice given to the holder. (sec.41B-ssec.4) In deciding whether to change the annual review allocation day to the new day, the scheme manager— must consider— the effect the new day will have on the operation of the scheme; and any administrative efficiencies the new day may achieve for the holder; and may consider any other matter the scheme manager considers relevant. (sec.41B-ssec.5) After considering any submissions made under subsection (2) , the scheme manager must decide— to change the annual review allocation day to the new day; or to change the annual review allocation day to another day agreed between the scheme manager and the holder; or not to change the annual review allocation day. (sec.41B-ssec.6) The scheme manager must make the decision— if the holder gives the scheme manager a notice under subsection (2) that the holder accepts the new day—within 5 business days after the scheme manager receives the notice; or if the holder does not make submissions under subsection (2) —within 5 business days after the period in which the holder was permitted to make submissions ends; or if the holder makes submissions under subsection (2) —within 20 business days after the scheme manager receives the submissions. (sec.41B-ssec.7) As soon as practicable after making the decision, the scheme manager must give the holder notice of the decision. (sec.41B-ssec.8) If the scheme manager decides to change the annual review allocation day, the notice under subsection (7) must state— the annual review allocation day for the authority; and when the change to the annual review allocation day takes effect.