sec.15Requirement to prepare a risk management plan and give a copy of it to the chief executive

sec.15 Requirement to prepare a risk management plan and give a copy of it to the chief executive

A SISTO entity must— prepare a risk management plan for the SISTO under this part; and give a copy of the plan, in written or electronic form, to the chief executive within the prescribed period. Maximum penalty—60 penalty units. In this section— prescribed period , for giving a copy of a risk management plan to the chief executive, means— if a period of 3 months or longer is stated in the declaration notice for the SISTO for giving the copy—the stated period; or if paragraph (a) does not apply—the 3 month period after the declaration notice is gazetted. (sec.15-ssec.1) A SISTO entity must— prepare a risk management plan for the SISTO under this part; and give a copy of the plan, in written or electronic form, to the chief executive within the prescribed period. Maximum penalty—60 penalty units. (sec.15-ssec.2) In this section— prescribed period , for giving a copy of a risk management plan to the chief executive, means— if a period of 3 months or longer is stated in the declaration notice for the SISTO for giving the copy—the stated period; or if paragraph (a) does not apply—the 3 month period after the declaration notice is gazetted.

• (a) prepare a risk management plan for the SISTO under this part; and
• (b) give a copy of the plan, in written or electronic form, to the chief executive within the prescribed period.
• (a) if a period of 3 months or longer is stated in the declaration notice for the SISTO for giving the copy—the stated period; or
• (b) if paragraph (a) does not apply—the 3 month period after the declaration notice is gazetted.