sec.57SNotice of concern about financial viability because of direction

### sec.57S Notice of concern about financial viability because of direction This section applies if— a dual sector entity is given a direction under section 57R ; and the entity is concerned that its financial viability could be seriously compromised if it is required to comply with the direction. The entity must immediately give the Minister notice of the concern. The notice must state— the entity’s reasons for the concern; and that the notice is given under this section. The giving of the notice operates to suspend the direction until— the Minister gives the entity written advice that the Minister is not satisfied that the entity’s concern is well-founded; or the direction is revoked. The Minister must immediately revoke the direction if the Minister is satisfied that the entity’s concern is well-founded. Whether or not the Minister revokes the direction, the Minister may give any further directions the Minister considers necessary or desirable for the entity’s financial viability, including, for example, a further direction requiring the entity to stop or limit particular activities. A further direction given under subsection (6) is not a direction under section 57R . The entity must comply with a further direction given under subsection (6) . s 57S ins 2014 No. 24 s 6 (sec.57S-ssec.1) This section applies if— a dual sector entity is given a direction under section 57R ; and the entity is concerned that its financial viability could be seriously compromised if it is required to comply with the direction. (sec.57S-ssec.2) The entity must immediately give the Minister notice of the concern. (sec.57S-ssec.3) The notice must state— the entity’s reasons for the concern; and that the notice is given under this section. (sec.57S-ssec.4) The giving of the notice operates to suspend the direction until— the Minister gives the entity written advice that the Minister is not satisfied that the entity’s concern is well-founded; or the direction is revoked. (sec.57S-ssec.5) The Minister must immediately revoke the direction if the Minister is satisfied that the entity’s concern is well-founded. (sec.57S-ssec.6) Whether or not the Minister revokes the direction, the Minister may give any further directions the Minister considers necessary or desirable for the entity’s financial viability, including, for example, a further direction requiring the entity to stop or limit particular activities. (sec.57S-ssec.7) A further direction given under subsection (6) is not a direction under section 57R . (sec.57S-ssec.8) The entity must comply with a further direction given under subsection (6) . - (a) a dual sector entity is given a direction under section 57R ; and - (b) the entity is concerned that its financial viability could be seriously compromised if it is required to comply with the direction. - (a) the entity’s reasons for the concern; and - (b) that the notice is given under this section. - (a) the Minister gives the entity written advice that the Minister is not satisfied that the entity’s concern is well-founded; or - (b) the direction is revoked.