Purpose of this Part
28A Purpose of this Part
The purpose of this Part is to provide (by way of conditions of radiation management licences) financial assurances to secure or guarantee funding for or towards the carrying out of works or programs (such as the securing, storage or disposal of regulated material or remediation, clean-up or improvement works with respect to regulated material) required by or under a licence.
A financial assurance is not to operate as a mere penalty for a contravention of this Act, the regulations or the conditions of a licence.
This provision refers to the regulations (the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandum
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