Use of security where conditions breached
54 Use of security where conditions breached
To the extent that it is not used under this section, the Secretary must return or repay a bond or security lodged with the Secretary in accordance with the conditions of an authority under this Part if the authority is revoked or expires and is not renewed.
If the Secretary is satisfied that the holder of an authority is in breach of a condition of the authority requiring work to be done, the Secretary may cause the work to be done and recover the cost of the work—
from any bond or security lodged in accordance with the authority with the Secretary; or
if the bond or security is not enough to meet the cost or no bond or security has been lodged, as a debt due to the Secretary.
This Act’s bill:Second reading speech
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