174
In forceMinister may require increased rehabilitation bond
Part 11Other obligations on the holders of authorities
Division 2Rehabilitation bond
174 Minister may require increased rehabilitation bond
(1)
This section applies if the Minister believes that the amount secured by a rehabilitation bond in relation to a petroleum operation is insufficient.
(2)
The Minister may, by written notice, require the holder of the authority to obtain an extension of, or a further, rehabilitation bond for an amount determined by the Minister.
(3)
Before making a requirement, the Minister must consult the holder of the authority.
(4)
The holder of the authority must comply with a notice imposing such a requirement within 30 days after being given the notice.
- 120 penalty units.
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