Mineral and Energy Resources (Financial Provisioning) Act 2018
sec.45Scheme manager may require further information from interested entity before changed holder allocation
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sec.45 Scheme manager may require further information from interested entity before changed holder allocation
The scheme manager may, before making a changed holder allocation for an authority, require an interested entity for the authority to give the scheme manager further information or a document the scheme manager reasonably requires to make the decision. The requirement must— be made by notice given to the interested entity; and state a reasonable period of at least 10 business days within which the interested entity must comply with the requirement. The scheme manager may extend the period mentioned in subsection (2) (b) by notice given to the interested entity. The interested entity must, unless the interested entity has a reasonable excuse, comply with the requirement. Maximum penalty—100 penalty units. If the interested entity does not comply with the requirement, the scheme manager may make the decision without the further information or document. s 45 amd 2024 No. 33 s 183 s ch 1 pt 2 (sec.45-ssec.1) The scheme manager may, before making a changed holder allocation for an authority, require an interested entity for the authority to give the scheme manager further information or a document the scheme manager reasonably requires to make the decision. (sec.45-ssec.2) The requirement must— be made by notice given to the interested entity; and state a reasonable period of at least 10 business days within which the interested entity must comply with the requirement. (sec.45-ssec.3) The scheme manager may extend the period mentioned in subsection (2) (b) by notice given to the interested entity. (sec.45-ssec.4) The interested entity must, unless the interested entity has a reasonable excuse, comply with the requirement. Maximum penalty—100 penalty units. (sec.45-ssec.5) If the interested entity does not comply with the requirement, the scheme manager may make the decision without the further information or document.
- (a) be made by notice given to the interested entity; and
- (b) state a reasonable period of at least 10 business days within which the interested entity must comply with the requirement.