Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 39

39 Scheme manager must notify holder of indicative annual review allocation

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

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

(b) the reasons for the indicative annual review allocation; and

(c) if section 38(6) applies—the relevant holder of the authority under section 38(6)(c); and

(d) whether a contribution to the scheme fund, or a surety, is required under the indicative annual review 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 annual review allocation.

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