Commonwealth Consolidated Acts

SEA INSTALLATIONS ACT 1987 - SECT 37

             (1)  The Minister may, by notice in writing served on an applicant for a permit, require the applicant to give security, in an amount determined by the Minister, by bond, guarantee or cash deposit, or by all or any of those methods:

                     (a)  to comply with this Act and the regulations;

                     (b)  not to contravene the permit; and

                     (c)  to meet any liability to the Commonwealth that the applicant could incur under section 54 or 56 or any other provision of this Act;

and, where the applicant is so required, the applicant is not entitled to be granted the permit unless the applicant gives security in accordance with the requirement.

             (2)  The Minister may, by notice in writing served on an applicant for, or the holder of, a permit, require the applicant or holder to insure against any specified liability to the Commonwealth that the holder or applicant could incur under section 54 or 56 or otherwise because of holding the permit.