Bounty and Capitalisation Grants (Textile Yarns) Act 1981
13Securities
Start here
Get a plain-English read of 13
Turn the raw legal text into a practical explanation grounded in Bounty and Capitalisation Grants (Textile Yarns) Act 1981.
13 Securities
The CEO may require a person to whom bounty could become payable to give security, in an amount determined by the CEO, by bond, guarantee or cash deposit, or by all or any of those methods, for compliance by him or her with the provisions of this Act and the regulations, or for the purpose of an undertaking given by him or her for the purposes of this Act or the regulations, and where a person is so required to give security, he or she is not entitled to bounty, or an advance on account of bounty, unless he or she gives security in accordance with the requirement.