Revenue Management Implementation Regulations

Marginal note:Final report

• 18 (1) Within six months after the termination of third-party management, the Board or a manager shall provide the council of the First Nation with a written report that includes

  • (a) a summary of any third-party management activities not previously reported on;

  • (b) a summary or copy of all laws made by the Board acting in the place of the council of the First Nation under paragraph 53(2)(a) or 53.1(2)(a) of the Act;

  • (c) a summary or copy of all agreements entered into or terminated by the Board in the course of implementing third-party management;

  • (d) in the case of third-party management of the First Nation’s local revenues, a copy of the most recent audited financial report or the audited annual financial statements, as the case may be, that were made available to the Board under subsection 14(2) of the Act, and a statement of the revenues deposited to, and any expenditures from, the local revenue account, from the last day covered by the financial report or financial statements, as the case may be, to the most recent date possible;

  • (d.1) in the case of third-party management of the First Nation’s other revenues, a copy of the most recent accounting information that was provided to the Board under section 14.1 of the Act, if applicable, and a statement of any deposits and expenditures of other revenues, from the last day covered by the accounting information to the most recent date possible; and

  • (e) an update to the remedial management plan.

• Marginal note:Report

  (2) Within six months after the termination of co-management without assuming third-party management, the Board or a manager shall provide the council of the First Nation with a written report that includes

  • (a) a summary of any co-management activities not previously reported on; and

  • (b) an update to the remedial management plan.