Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Minister is to
administer a scheme in accordance with the terms of the notice for that
scheme.
(2) The Minister is to
be assisted in the administration of the scheme by a committee of management
constituted under section 11 for that scheme.
(3) When a scheme is
established the Minister is to cause an invitation in the terms set out in
subsection (4) to be published in a newspaper circulating generally in
the State.
(4) An invitation
shall invite eligible persons —
(a) to
offer the surrender of their authorisation or part of their entitlement (as
the case may be) under the scheme; and
(b) for
that purpose, to submit to the committee for the scheme, within a specified
period, an offer in the form approved by the committee stating the amount of
compensation for which the person will surrender their authorisation or part
of their entitlement.
(5) The Minister is to
respond in writing to every offer made under this section by an eligible
person and is to either accept or decline the offer or make a counter offer.
(6) An eligible person
may, by notice in writing given to the Minister, surrender an authorisation in
accordance with an agreement to do so under a scheme and the authorisation
ceases to have effect when the notice is given.
(7) An eligible person
may, by notice in writing given to the Minister, surrender part of their
entitlement in accordance with an agreement to do so under a scheme and the
CEO may reduce the entitlement accordingly.
(8) If in accordance
with an agreement under a scheme an authorisation is surrendered or part of an
entitlement is reduced, the Minister is to pay the agreed amount of
compensation to the eligible person.
(9) Compensation is to
be paid from the Account.
[Section 10C inserted by No. 54 of 1994
s. 14; amended by No. 10 of 1998 s. 36(1); No. 28 of 2006
s. 228.]