sec.350Notice accepting failure impact assessment

### sec.350 Notice accepting failure impact assessment If the chief executive accepts a failure impact assessment, the chief executive must give notice of the acceptance to the owner of the dam within 30 business days after the acceptance. The notice must also state the period, of at least 5 years from the day the chief executive accepted the assessment, within which the owner must ensure another failure impact assessment of the dam is completed and given to the chief executive. However, the chief executive can not state a period for a further failure impact assessment of— a dam given a category 2 failure impact rating under the failure impact assessment accepted under subsection (1) ; or a dam that— does not meet the criteria stated in section 343 (1) (a) or (b) ; and was not given a category 1 or category 2 failure impact rating under the failure impact assessment accepted under subsection (1) . In deciding the period for subsection (2) , the chief executive must have regard to— the failure impact assessment accepted by the chief executive under subsection (1) ; and the nature and location of the dam. s 350 amd 2010 No. 20 s 153 (sec.350-ssec.1) If the chief executive accepts a failure impact assessment, the chief executive must give notice of the acceptance to the owner of the dam within 30 business days after the acceptance. (sec.350-ssec.2) The notice must also state the period, of at least 5 years from the day the chief executive accepted the assessment, within which the owner must ensure another failure impact assessment of the dam is completed and given to the chief executive. (sec.350-ssec.3) However, the chief executive can not state a period for a further failure impact assessment of— a dam given a category 2 failure impact rating under the failure impact assessment accepted under subsection (1) ; or a dam that— does not meet the criteria stated in section 343 (1) (a) or (b) ; and was not given a category 1 or category 2 failure impact rating under the failure impact assessment accepted under subsection (1) . (sec.350-ssec.4) In deciding the period for subsection (2) , the chief executive must have regard to— the failure impact assessment accepted by the chief executive under subsection (1) ; and the nature and location of the dam. - (a) a dam given a category 2 failure impact rating under the failure impact assessment accepted under subsection (1) ; or - (b) a dam that— (i) does not meet the criteria stated in section 343 (1) (a) or (b) ; and (ii) was not given a category 1 or category 2 failure impact rating under the failure impact assessment accepted under subsection (1) . - (i) does not meet the criteria stated in section 343 (1) (a) or (b) ; and - (ii) was not given a category 1 or category 2 failure impact rating under the failure impact assessment accepted under subsection (1) . - (i) does not meet the criteria stated in section 343 (1) (a) or (b) ; and - (ii) was not given a category 1 or category 2 failure impact rating under the failure impact assessment accepted under subsection (1) . - (a) the failure impact assessment accepted by the chief executive under subsection (1) ; and - (b) the nature and location of the dam.