Financial assurance
74 Financial assurance
The regulations may make provision —
empowering the CEO to require the holder of a licence, or a person required under the EP Act to hold a licence, to provide a financial assurance for the purpose of securing or guaranteeing payment of a levy; and
with respect to the form, amount, maintenance and termination of the financial assurance; and
with respect to the conditions and procedures under which the financial assurance may be called on or used; and
with respect to matters necessary for, or incidental to, the effective operation of a financial assurance.
[Section 74 amended: No. 40 of 2020 s. 118(2).]
This provision refers to the regulations (The regulations may make
). Made under this Act:
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