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TAFE QUEENSLAND ACT 2013 - SECT 48
Notice of concern about financial viability
48 Notice of concern about financial viability
(1) This section applies if— (a) TAFE Queensland is given a direction under
section 47 ; and
(b) TAFE Queensland is concerned about its financial
viability; and
(c) in TAFE Queensland’s opinion, the cause or a substantial
cause of its concern would be compliance with the direction.
(2) TAFE
Queensland must immediately give the Minister notice of the concern and its
reasons for the opinion (the
"response" ).
(3) The response must state that it is given under this
section.
(4) The giving of the response operates to suspend the direction
until— (a) the Minister gives TAFE Queensland written advice that the
Minister is not satisfied that— (i) TAFE Queensland’s concern mentioned in
subsection (1) (b) is well-founded; or
(ii) TAFE Queensland’s opinion
mentioned in subsection (1) (c) is justified; or
(b) the direction is
revoked.
(5) If TAFE Queensland was given a direction, and the Minister is
satisfied TAFE Queensland’s concern is well-founded, the Minister must
immediately— (a) if the Minister is also satisfied TAFE Queensland’s
opinion is justified—revoke the direction; and
(b) in any case—give TAFE
Queensland the written directions the Minister considers necessary or
desirable, including any directions necessary or desirable to ensure— (i)
TAFE Queensland does not incur further debts; or
(ii) TAFE Queensland will be
able to pay all its debts as and when they become due.
(6) Without limiting
subsection (5) , a direction under this section may require TAFE Queensland to
stop or limit particular activities.
(7) TAFE Queensland must comply with a
direction under this section.
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