Purpose of environment protection bond
128 Purpose of environment protection bond
The purpose of an environment protection bond is to secure:
the approval holder's obligation to comply with this Act and the environmental approval; and
the payment of the reasonable costs and expenses of the Minister or the CEO taking action at any time to prevent, minimise or remediate environmental harm resulting from the action to which the environmental approval applies; and
the payment of the reasonable costs and expenses of the Minister or the CEO taking action to complete rehabilitation of the site to which the environmental approval applies or any area affected by the action; and
the payment of the reasonable costs of post-closure monitoring, management and reporting; and
the payment of any amount payable to the CEO by the approval holder for anything done by the CEO under this Act in relation to the approval holder's obligations under this Act.
This Act’s bill:Explanatory statementSecond reading speech
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