Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 28

28 Scheme manager must notify holder of indicative risk category allocation

(1) The scheme manager must, before deciding the initial risk category allocation, give the holder a notice (a
"notice of indicative decision" ) stating—

(a) the risk category to which the scheme manager intends to allocate the authority (the
"indicative risk category allocation" ); and

(b) the reasons for the indicative risk category allocation; and

(c) if section 27(5) applies—the relevant holder of the authority under section 27(5)(c); and

(d) whether a contribution to the scheme fund, or a surety, is required under the indicative risk category allocation; and

(e) that the holder may, within 20 business days after the notice of indicative decision is given—

(i) make submissions to the scheme manager about a matter mentioned in paragraph (a), (b), (c) or (d); or

(ii) give the scheme manager notice that the holder accepts the indicative risk category allocation.

(2) The scheme manager may extend the period mentioned in subsection (1)(e) by notice given to the holder.