117AZA
CurrentAdministration of securities
Part VCFinancial assurance framework
Division 4Common provisions
117AZA Administration of securities
(1)
The Minister must hold all environmental securities and petroleum infrastructure decommissioning securities.
(2)
An environmental security must be administered by the Minister acting on the advice of the Environment Minister.
(3)
A petroleum infrastructure decommissioning security must be administered by the Minister.
(4)
The Minister must establish a fund for the purpose of holding money under a bond or other security that requires the payment of cash.
This Act’s bill:Second reading speech
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