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MINING ACT 1992 - SECT 261BB Amount of security deposit

MINING ACT 1992 - SECT 261BB

Amount of security deposit

261BB Amount of security deposit

(1) The amount of the security deposit that may be required by a security deposit condition is--
(a) the assessed deposit for the authorisation concerned as at the date the decision-maker imposes or varies the condition, or
(b) if there is no assessed deposit for the authorisation--the minimum deposit for the authorisation as at the date the decision-maker imposes or varies the condition.
(2) The amount of a group security deposit that may be required by a security deposit condition is--
(a) the assessed deposit for the authorisations concerned as at the date the decision-maker imposes or varies the condition, or
(b) if there is no assessed deposit for the authorisations--the amount specified under section 261BC(7)(a) as at the date the decision-maker imposes or varies the condition.