Marine Liability Act
Marginal note:Books of account and systems
120 (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
- Date modified: