Bonds
36 Bonds
The Minister may, by notice in writing to an applicant for the registration of, or the holder of, a precious stones tenement that is outside a precious stones field, require the person to enter into a bond under this section.
The Minister may determine the amount, form and terms of the bond taking into account—
liabilities that the relevant person may incur in the course of mining operations; and
the present or future obligations that the relevant person may incur for the rehabilitation of land.
The Minister may require security for the satisfaction of the bond in accordance with a determination of the Minister.
The Minister may, by notice in writing to the holder of a tenement, require that the amount, form or terms of a bond, or the security for a bond, be varied.
A variation under subsection (4) may include the addition or substitution of terms.
A person to whom a notice is issued under this section must comply with the notice within 30 days after service of the notice.
A bond must be lodged with the Opal Mining
Registrar.
The Opal Mining Registrar may delay the registration of a tenement until a bond is lodged.
A person who has been required to enter into a bond must not carry out mining operations on the relevant land, or must cease mining operations on the relevant land, until the bond is lodged with the Opal Mining
Registrar. Maximum penalty: Maximum penalty: $120 000.
The Minister or an authorised person may prohibit mining operations on land until a person complies with a requirement under this section.
A person must not contravene a prohibition under subsection (11). Maximum penalty: Maximum penalty: $120 000.
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