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.