Marine Liability Act

Version of section 120 from 2010-01-02 to 2018-12-12:


Marginal note:Books of account and systems

  •  (1) The Administrator shall cause

    • (a) books of account and records in relation to them to be kept; and

    • (b) control and information systems and management practices, related to financial and management matters, to be maintained.

  • Marginal note:Administrator’s responsibilities

    (2) The books, records, systems and practices shall be kept or maintained, as the case may be, in a manner that provides reasonable assurance that

    • (a) the assets of the Ship-source Oil Pollution Fund are safeguarded and controlled;

    • (b) the transactions of the Ship-source Oil Pollution Fund are conducted in accordance with this Part; and

    • (c) the financial, human and physical resources of the Ship-source Oil Pollution Fund are managed economically and efficiently and the operations of that Fund are carried out effectively.

  • 2001, c. 6, s. 120
  • 2009, c. 21, s. 11
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