231CAuthority may refuse to release financial assurance—prescribed permission

231C Authority may refuse to release financial assurance—prescribed permission The Authority may refuse to release all or part of a financial assurance to the person who provided it despite the occurrence of a trigger event described in section 231A(1)(a) if— (a) the reason the person no longer holds a permission is that— (i) a liquidator has disclaimed the person's interest in the permission in accordance with the Corporations Act; or (iii) the permission is transferred, sold, revoked or surrendered, or has expired; and (i) is satisfied, having regard to the considerations specified in section 231G, that it is necessary to retain the financial assurance as security for the costs or expenses of remediation or clean up where there is a significant risk these costs or expenses may be borne by the State or the Authority; or S. 231D inserted by No. 35/2023 s. 32.