220Form of financial assurance

220 Form of financial assurance (1) Subject to subsection (2), the Authority may determine, having regard to the prescribed risk assessment criteria, the form of a financial assurance. (2) A financial assurance must be provided in the form of— (a) a guarantee provided by a body that is permitted to use the expression "bank" under section 66 of the Banking Act 1959 of the Commonwealth; or (b) bonds; or (c) any other form of security that the Authority considers appropriate; or (d) any combination of paragraph (a), (b) or (c). S. 221 inserted by No. 39/2018 s. 7 (as amended by Nos 27/2019 ss 12−30, 3/2020 ss 42–44, 47/2020 s. 26).