s. 193 (5) Before a Council does anything under S. 193(5) subsection (1), the Council must have regard to substituted by No. 109/2003 the risks involved and comply with s. 89(1). subsections (5A) and (5C). (5A) If the Council proposes to exercise any power S. 193(5A) inserted by under subsection (1), the Council must assess the No. 34/1996 total investment involved and the total risk s. 26, substituted by exposure. No. 109/2003 s. 89(1). S. 193(5B) (5B) If the proposal involves both an investment and a inserted by risk exposure, the sum for the purposes of the No. 109/2003 application of subsection (5C) is the total of the s. 89(1). sum of the total investment involved and the total risk exposure. S. 193(5C) (5C) If the sum assessed under subsection (5A)— inserted by No. 109/2003 s. 89(1). (a) exceeds whichever is the greater of $100 000 S. 193(5C)(a) amended by or 1% of the Council's revenue from rates No. 67/2008 and charges levied under section 158 in the s. 69. preceding financial year, the Council must consider a risk assessment report (including appropriate reporting arrangements) from an appropriately qualified person; (b) exceeds whichever is the greater of $500 000 S. 193(5C)(b) amended by or 5% of the Council's revenue from rates No. 67/2008 s. 69. and charges levied under section 158 in the preceding financial year, the Council must— (i) consider a risk assessment report (including appropriate reporting arrangements) from an appropriately qualified person; and (ii) obtain the approval of the Minister; (c) exceeds $5 000 000, the Council must—
S. 193(5) substituted by No. 109/2003 s. 89(1). (5) Before a Council does anything under subsection (1), the Council must have regard to the risks involved and comply with subsections (5A) and (5C). S. 193(5A) inserted by No. 34/1996 s. 26, substituted by No. 109/2003 s. 89(1). (5A) If the Council proposes to exercise any power under subsection (1), the Council must assess the total investment involved and the total risk exposure. S. 193(5B) inserted by No. 109/2003 s. 89(1). (5B) If the proposal involves both an investment and a risk exposure, the sum for the purposes of the application of subsection (5C) is the total of the sum of the total investment involved and the total risk exposure. S. 193(5C) inserted by No. 109/2003 s. 89(1). (5C) If the sum assessed under subsection (5A)— S. 193(5C)(a) amended by No. 67/2008 s. 69. (a) exceeds whichever is the greater of $100 000 or 1% of the Council's revenue from rates and charges levied under section 158 in the preceding financial year, the Council must consider a risk assessment report (including appropriate reporting arrangements) from an appropriately qualified person; s. 193 S. 193(5C)(b) amended by No. 67/2008 s. 69. (b) exceeds whichever is the greater of $500 000 or 5% of the Council's revenue from rates and charges levied under section 158 in the preceding financial year, the Council must— (i) consider a risk assessment report (including appropriate reporting arrangements) from an appropriately qualified person; and (ii) obtain the approval of the Minister; (c) exceeds $5 000 000, the Council must—
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