sch.3-sec.41Administrative guidance about decisions under clause 40(3)

sch.3-sec.41 Administrative guidance about decisions under clause 40(3)

If a government or regulatory entity, other than the AER, proposes to exercise a discretion under clause 40(3), the entity must use its best endeavours to ensure that within 45 days after the commencement of this clause, it issues administrative guidance about the matters the entity is likely to have regard to in deciding whether to consider or apply the amended objective in doing a thing. The AER must, within 45 days after the commencement of this clause, issue administrative guidance about the matters the AER is likely to have regard to in deciding whether to consider or apply the amended objective in doing a thing. A failure to comply with this section does not prevent a government or regulatory entity from exercising a discretion under clause 40(3). sch 3 s 41 ins 2023 No. 26 (SA) s 8 (sch.3-sec.41-ssec.1) If a government or regulatory entity, other than the AER, proposes to exercise a discretion under clause 40(3), the entity must use its best endeavours to ensure that within 45 days after the commencement of this clause, it issues administrative guidance about the matters the entity is likely to have regard to in deciding whether to consider or apply the amended objective in doing a thing. (sch.3-sec.41-ssec.2) The AER must, within 45 days after the commencement of this clause, issue administrative guidance about the matters the AER is likely to have regard to in deciding whether to consider or apply the amended objective in doing a thing. (sch.3-sec.41-ssec.3) A failure to comply with this section does not prevent a government or regulatory entity from exercising a discretion under clause 40(3).