Final reporting
9 Final reporting
The reporting officer must prepare and give to the Minister a report (the final report) in respect of the IMO for the period (the final reporting period) commencing on 1 July 2017 and ending immediately before repeal day.
Despite its repeal, the IMO Regulations regulation 35 has effect, to the extent necessary for the purposes of subregulation (1), as if references in it to the annual report where references to the final report.
The final report is to include, in addition to the matters required under subregulation (2) —
a report on the operations of the IMO during the final reporting period; and
a brief description of the transferring of the functions of the IMO to other persons; and
a report on the activities undertaken under this Part to wind up the affairs of the IMO, including the reconciliation of a surplus or deficit referred to in regulation 10.
The final report is in substitution for any financial reporting obligation that the IMO would otherwise have under the WEM rules or the GSI rules in respect of the final reporting period.
Despite their repeal, the IMO Regulations regulations 37 and 51 and Schedule 3 have effect, to the extent necessary (and with all necessary modifications) for the purposes of subregulation (2), as if —
references in them to an annual report were references to the final report; and
references in them to a financial year were references to the final reporting period; and
Schedule 3 Division 6 were deleted; and
the words “but not later than the close of business on the prescribed day” were deleted from Schedule 3 clause 30(2); and
Schedule 3 clause 31(b) were deleted.
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