233Transfer of financial assurance

233 Transfer of financial assurance (1) The Authority may transfer a financial assurance if— (a) a person is required to provide a financial assurance under section 219; and (b) that financial assurance may be released or partly released to the person under section 231 or 232; and (c) the person is required to provide another financial assurance under section 219. (2) The Authority must notify the person in writing of a decision to transfer a financial assurance. (3) On transferring a financial assurance, the Authority may make any changes the Authority considers necessary to implement the transfer in an instrument or document. (4) If a person is given notice under subsection (2) and is required to provide a further amount as a financial assurance, the person must provide the further amount of the financial assurance within a period, not less than 30 business days, to be specified by the Authority. S. 234 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).