117AZB
In forceMandatory condition
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.
This Act’s bill:Second reading speech
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