When de-amalgamation takes effect
250D When de-amalgamation takes effect
The de-amalgamation of an environmental authority takes effect—
if it relates to a transfer tenure—when both of the following things have happened—
the transfer tenure is transferred;
the proposed holder of each de-amalgamated environmental authority has paid a contribution to the scheme fund or given a surety for the authority under the Mineral and Energy Resources (Financial Provisioning) Act 2018; or
if it relates to a relevant authority for a resource project for which the existing holder proposes to no longer carry out the project as a single integrated operation—when the existing holder stops carrying out the project as a single integrated operation; or
otherwise—when the administering authority issues 2 or more environmental authorities to the applicant under section 250C(1)(c).
This Act’s bill:Explanatory memorandum
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