Library / Midstream Petroleum (Host Communities Development Trust) Regulations 2024

Midstream Petroleum (Host Communities Development Trust) Regulations 2024

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B 891
PETROLEUM INDUSTRY ACT, NO. 6, 2021
MIDSTREAM PETROLEUM (HOST COMMUNITIES
DEVELOPMENT TRUST) REGULATIONS, 2024
ARRANGEMENT OF  REGULATIONS
Regulation :
PART I — OBJECTIVES AND APPLICATION
1. Objectives
2. Application
PART II — ROLE OF THE AUTHORITY AND LICENSEES IN RELATION
TO MIDSTREAM HOST COMMUNITIES DEVELOPMENT TRUST
3. Supervisory and oversight role of the Authority
4. Responsibility of the licensee to ensure compliance
5. Determination of Host Communities
PART III — HOST COMMUNITIES DEVELOPMENT TRUST
6. Incorporation of the Host Communities Development Trust
7. Pre-approval of Host Communities Development Trust registration by
the Authority
8. Approval by the Authority
9. Failure to incorporate a Trust
10. Trust administration
11. Dissolution of Trust
12. Appointment of Trustees
13. Approval of Trustees by the Authority
14. Minimum qualifications of a Trustee
15. Duties of the Board of Trustees
16. Removal of a Trustee by a licensee
17. Resignation by a Trustee
PART IV — HOST COMMUNITIES DEVELOPMENT TRUST COMMITTEES
18. Management Committee for the Host Communities Development Trust
19. Host Communities Advisory Committee
20. Host Communities needs assessment