Mineral and Energy Resources (Financial Provisioning) Act 2018
sec.83AScheme manager to keep Minister informed
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sec.83A Scheme manager to keep Minister informed
The scheme manager must— keep the Minister reasonably informed of the operations, financial performance and financial position of the scheme and the residual risks fund; and give the Minister reports and information the Minister requires to help the Minister make informed assessments of the matters mentioned in paragraph (a) ; and if matters arise that in the scheme manager’s opinion may significantly affect the financial viability of the scheme fund or the residual risks fund—immediately inform the Minister of the matters and the scheme manager’s opinion in relation to them. Subsection (1) does not limit the matters of which the scheme manager is required to keep the Minister informed, or limit the reports or information the scheme manager is required, or may be required, to give to the Minister under another Act. s 83A (prev s 71) amd 2020 No. 26 s 108 (1) – (2) reloc and renum 2020 No. 26 s 108 (3) (sec.83A-ssec.1) The scheme manager must— keep the Minister reasonably informed of the operations, financial performance and financial position of the scheme and the residual risks fund; and give the Minister reports and information the Minister requires to help the Minister make informed assessments of the matters mentioned in paragraph (a) ; and if matters arise that in the scheme manager’s opinion may significantly affect the financial viability of the scheme fund or the residual risks fund—immediately inform the Minister of the matters and the scheme manager’s opinion in relation to them. (sec.83A-ssec.2) Subsection (1) does not limit the matters of which the scheme manager is required to keep the Minister informed, or limit the reports or information the scheme manager is required, or may be required, to give to the Minister under another Act.
- (a) keep the Minister reasonably informed of the operations, financial performance and financial position of the scheme and the residual risks fund; and
- (b) give the Minister reports and information the Minister requires to help the Minister make informed assessments of the matters mentioned in paragraph (a) ; and
- (c) if matters arise that in the scheme manager’s opinion may significantly affect the financial viability of the scheme fund or the residual risks fund—immediately inform the Minister of the matters and the scheme manager’s opinion in relation to them.