Queensland Consolidated Regulations

ENERGY (RENEWABLE TRANSFORMATION AND JOBS) REGULATION 2024 - REG 7

7 Requirement to report on expenditure—Act, s 90

(1) This section prescribes requirements, for section 90 (5) (a) of the Act , that must be complied with by an entity mentioned in section 5 (3) that receives, in a financial year, an amount paid directly from the fund.

Example—

An amount is paid from the fund to a GOC for personalised support service costs for the GOC’s affected energy GOC workers. The GOC is the entity receiving the amount directly from the fund, and not each individual affected energy GOC worker.

(2) The recipient must, by 30 September after the end of the financial year, give the chief executive a report containing a summary of how the payment has been used during the financial year.

Penalty—

Maximum penalty—10 penalty units.

(3) The report must include the following for the financial year—

(a) the total amount of funds received;

(b) the purpose for which amounts were paid from the fund;

(c) the amount of any unspent funds;

(d) any other details required under the guideline mentioned in section 91 of the Act .