Western Australian Consolidated Regulations

PORT AUTHORITIES REGULATIONS 2001 - REG 118

118 .         Amount of port authority’s liability prescribed (Act s. 40(3)(c))

                For the purposes of section 40(3)(c) of the Act, the prescribed amount of a port authority’s liability is the amount equal to 20% of the written down value of the port authority’s consolidated fixed assets, as appearing in its latest audited accounts.