634
In forceAmendment of financial assurance condition under this part
Chapter 13Savings, transitional and related provisions
Part 6Transitional provisions for Petroleum and Other Legislation Amendment Act 2004
634 Amendment of financial assurance condition under this part
(1)
The administering authority may amend a condition about financial assurance imposed under this part to require the giving of replacement financial assurance, in a form and amount decided by the authority.
(2)
Section 364 applies for the amendment as if a reference in the section to the imposition of a condition requiring financial assurance were a reference to the amendment.
(3)
Chapter 7, part 6, applies for the financial assurance.
This Act’s bill:Explanatory memorandum
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