(a) an asset management plan for the items of
capital for which the operator is responsible is prepared, and
(b) the asset
management plan is kept up to date.
: Maximum penalty--100 penalty units (in
the case of a corporation) or 50 penalty units (in any other case).
Note :
Section 189B enables the Secretary to issue guidelines to assist operators in
complying with their obligations under this section. The Tribunal may take
guidelines into account in determining whether there has been compliance with
this section.
(2) Without limiting subsection (1), the regulations may make
provision for or with respect to--
(a) the preparation, duration and revision
of asset management plans, and
(b) the information to be recorded in asset
management plans, including (but not limited to) information concerning any of
the following--
(i) the costs associated with both the maintenance or
replacement of items of capital,
(ii) the reasons for decreases or increases
in costs associated with both the maintenance or replacement of items of
capital,
(iii) the frequency with which costs are incurred in respect of
items of capital,
(iv) the expected lifespans of items of capital and
expected maintenance and replacement requirements, and
(c) the items of
capital for which an asset management plan must be prepared.
