231Release of financial assurance following review or amendment

231 Release of financial assurance following review or amendment (1) If, following a review under section 225, the Authority determines that the financial assurance is no longer required, the Authority must release the financial assurance. (2) If the Authority reduces the amount of the financial assurance by amendment under section 226, the Authority must release the part of the financial assurance that is no longer required. (3) The Authority must notify the person who provided the financial assurance in writing if the Authority releases all or part of a financial assurance. S. 231A inserted by No. 35/2023 s. 32.