18
CurrentDischarge of security
18 Discharge of security
(1)
The Minister may discharge, in whole or in part, a security lodged under the Act —
(a)
on an application made by the person who lodged the security; or
(b)
on the Minister’s own initiative.
(2)
An application under subregulation (1)(a) must —
(a)
be made in the form approved by the Minister; and
(b)
specify the reasons why the applicant considers that the security should be discharged.
(3)
If the Minister discharges a security under subregulation (1), the Minister must give written notice of the discharge to the person who lodged the security.
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