42H
CurrentLapsing of financial assurance
Part 3Management of contaminated land
Division 6AFinancial assurances for actions required by relevant orders, restrictions and covenants
42H Lapsing of financial assurance
The requirement to provide financial assurance lapses and no longer binds the person who was required to provide it if the EPA—
(a)
is satisfied that the action for which the financial assurance was required has been satisfactorily carried out, and
(b)
has given the person written notice of the lapsing of the financial assurance.
This Act’s bill:Explanatory memorandumSecond reading speech
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