Petroleum Pipelines Levies Act, 2004 (Act No. 28 of 2004)6. Assessment of performance of Authority |
1) | In this section, "performance" in relation to the Authority means all or any of the following matters: |
a) | The efficiency, economy and effectiveness of the Authority’s management of the financial resources at its disposal; |
b) | the benefits deriving from the Authority’s work to those who bear the levies and other charges imposed by the Authority; and |
c) | any other matter determined by the Minister in writing and with the concurrence of the Minister of Finance. |
2) | The Minister may, after consultation with the Authority, appoint any person to conduct an assessment of, and report to the Minister and the Minister of Finance on the performance of the Authority if the Minister is satisfied that- |
a) | there is sufficient concern among stakeholders in the petroleum pipelines industry about the performance of the Authority to justify an assessment of that performance; or |
b) | the performance of the Authority is inadequate. |
3) |
a) | Notwithstanding subsection (2), the Minister must commission an assessment of the performance of the Authority at least once every five years. |
b) | The person appointed to conduct the assessment contemplated in paragraph (a) must report to the Minister and the Minister of Finance. |