PETROLEUM (ONSHORE) ACT 1991 - SECT 106D Amount of security deposit

PETROLEUM (ONSHORE) ACT 1991 - SECT 106D

106D Amount of security deposit

The amount of the security deposit that may be required by a security deposit condition is--

(a) the assessed deposit for the petroleum title concerned as at the date the condition is imposed or varied, or

(b) if there is no assessed deposit for the petroleum title--the minimum deposit for the petroleum title as at the date the condition is imposed or varied.