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NTAct
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s 117AZB

Mandatory condition

In force
Part VCFinancial assurance framework
Division 4Common provisions

117AZB Mandatory condition

It is a condition of a petroleum interest that the interest holder must:

(a)

provide the security or securities required under this Part; and

(b) not commence an activity or work without providing security in accordance with this Part; and

(c)

review a security as required under this Part; and

(d) comply with any requirement of the Minister or the Environment Minister to vary or substitute a security, or to provide a new security, in accordance with this Part.

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