42AApplication of Division

42A Application of Division

42A Application of Division

(1) This Division applies in relation to requirements under the following (each a relevant order, restriction or covenant) to provide financial assurance to secure or guarantee funding for or towards the carrying out of actions required under the relevant orders, restrictions or covenants—

(a) management orders,

(b) ongoing maintenance orders,

(c) restrictions or public positive covenants imposed under section 29.

(2) A financial assurance is not to operate as a mere penalty for a contravention of this Act, the regulations or a management order.

s 42A: Ins 2014 No 65, Sch 1.1 [4]. Am 2022 No 3, Sch 1[9].