ENVIRONMENT PROTECTION ACT 2019 - SECT 132 Unused bond refundable

ENVIRONMENT PROTECTION ACT 2019 - SECT 132

    (1)     Subject to subsection (2), any amount of an environment protection bond not used for a purpose mentioned in section 128 is refundable if all remediation, rehabilitation and closure requirements of the environmental approval have been completed to the Minister's satisfaction.

    (1A)     If an amount of environment protection bond held is reduced as a result of a recalculation under section 129, the amount of bond that is the difference between the environment protection bond held and the recalculated bond is refundable to the approval holder.

    (2)     Any amount owing to the Territory by the approval holder under this Act may be deducted from the environment protection bond at the time of the refund of the bond.