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Environment Protection Act 2019
132Unused bond refundable
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132 Unused bond refundable
(1) Subject to subsection (2), any amount of an environment protection
bond not used for a purpose mentioned in section 128 is refundable
if all remediation, rehabilitation and closure requirements of the
environmental approval have been completed to the Minister's
satisfaction.
(1A) If an amount of environment protection bond held is reduced as a
result of a recalculation under section 129, the amount of bond that
is the difference between the environment protection bond held and
the recalculated bond is refundable to the approval holder.
(2) Any amount owing to the Territory by the approval holder under this
Act may be deducted from the environment protection bond at the
time of the refund of the bond.