Western Australian Current Acts

WESTERN AUSTRALIAN HEALTH PROMOTION FOUNDATION ACT 2016 - SECT 44

44 .         Notice of financial difficulty

        (1)         The Foundation must notify the Minister if it forms the opinion that the Foundation is unable to, or will be unlikely to be able to, satisfy any of its financial obligations from the financial resources available to it or likely to be available to it at the time the financial obligation is due.

        (2)         The notice must be in writing, giving reasons for the Foundation’s opinion.

        (3)         Within 7 days after receipt of the notice, the Minister must —

            (a)         confer with the Treasurer and the Foundation for the purpose of determining what action is required to ensure that the Foundation is able to satisfy the relevant financial obligation when it is due; and

            (b)         initiate such action as is required to ensure that the Foundation is able to satisfy the relevant financial obligation when it is due.