59.3  Reports

(a)  (Performance reports): Project Co must submit written reports (Major Projects Skills Guarantee Performance Report) to the State outlining its performance against the Major Projects Skills Guarantee Compliance Plan.

(b)  (Content of reports): The Major Projects Skills Guarantee Performance Reports must include details specifying Project Co's performance in complying with the Major Projects Skills Guarantee Compliance Plan. Any deviations from the Major Projects Skills Guarantee Compliance Plan must be included in the Major Projects Skills Guarantee Performance Reports.

(c)  (Frequency of reports): Major Projects Skills Guarantee Performance Reports must be submitted by Project Co to the State:

(i)  as specified in the Major Projects Skills Guarantee Compliance Plan; and

(ii)  otherwise, at a frequency of not less than Quarterly during the Development Phase.

(d)  (Additional requirements): In addition to the Major Projects Skills Guarantee Performance Reports, Project Co must also submit:

(i)  an interim Major Projects Skills Guarantee Performance Report 12 months after Financial Close as set out in the Major Projects Skills Guarantee Compliance Plan;

(ii)  a final report (Major Projects Skills Guarantee Final Report) on the Date of Commercial Acceptance; and

(iii)  a statutory declaration made by a director of Project Co or Project Co's Chief Executive Officer or Chief Financial Officer declaring that the contents of the Major Projects Skills Guarantee Final Report are true and correct, which must be submitted together with the Major Projects Skills Guarantee Final Report.