VICIn ForceAct
Environment Protection Act 2017
221Amount of financial assurance
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221 Amount of financial assurance
(1) Subject to subsection (2), the Authority may determine the amount of a financial assurance.
(2) In determining the amount of a financial assurance, the Authority must have regard to—
(a) a reasonable estimate of the costs and expenses of remediation or clean up activities for the particular activity; and
(b) any method for calculating the amount of financial assurances published by the Authority; and
(c) if the Authority has required an independent assessment for the purpose of determining the amount of a financial assurance and the independent assessment has been provided within the specified period, the independent assessment.
S. 222 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).