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Marine Liability Act

Version of section 120 from 2018-12-13 to 2024-05-14:


Marginal note:Books of account and systems

  •  (1) The Administrator shall cause

    • (a) records and books of account to be kept in relation to the Ship-source Oil Pollution Fund; and

    • (b) control and information systems and management practices, in respect of financial and management matters, to be maintained in relation to the Ship-source Oil Pollution Fund.

  • Marginal note:Administrator’s responsibilities

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

    • (a) the Administrator’s and Deputy Administrator’s powers, duties and functions under this Part are exercised and performed effectively and in accordance with this Part;

    • (b) the assets used by them are safeguarded and controlled; and

    • (c) the financial, human and physical resources used by them are managed economically and efficiently.

  • 2001, c. 6, s. 120
  • 2009, c. 21, s. 11
  • 2018, c. 27, s. 738

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