Marine Liability Act

Marginal note:Books of account and systems

• 120 (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.