132FUnused mining security refundable

132F Unused mining security refundable (1) Subject to subsection (2), any amount of a mining security not used for a purpose mentioned in section 132B is refundable if: (a) a mining closure certificate is issued for the mining site or the part of the mining site to which the mining security applies; or (b) remediation, rehabilitation and closure requirements of the environmental (mining) licence for the site or the part of the site for which the refund is requested have been completed to the Minister's satisfaction. (2) If an amount of a mining security held is reduced as a result of a recalculation under section 132C, the amount of mining security that is the difference between the mining security held and the recalculated security is refundable to the mining operator. (3) Any amount owing to the Territory by the mining operator under this Act, the Mineral Titles Act or the Legacy Mines Remediation Act may be deducted from the mining security at the time of the refund of the security. (4) A mining operator may apply to the Minister for a refund of an amount of mining security to which they are entitled under this section.

Environment Protection Act 2019 139