New South Wales Consolidated Acts

MINING ACT 1992 - SECT 47A

47A Amendment of assessment lease in respect of certain conditions

(1) The Minister may amend an assessment lease that does not contain a condition requiring the holder to give and maintain security for the fulfilment of the obligations of the holder arising under this Act so as to include such a condition.

(2) The Minister may amend an assessment lease that contains such a condition so as to vary the amount and form of the security that is required to be given and maintained.

(3) The Minister may amend any 2 or more assessment leases held by the same holder that contain such a condition so as to require a single security to be given and maintained.

(4) The amendment of an assessment lease takes effect on the date on which written notice of the amendment is served on the holder of the assessment lease or on such later date as may be specified in the notice.