sec.271Payment may be required for residual risks

### sec.271 Payment may be required for residual risks This section applies for a surrender application for an environmental authority for a resource activity. The administering authority may, by written notice, require the applicant to pay the administering authority, or another entity that performs functions under this Act, a stated amount within a stated reasonable period for the residual risks of land the subject of the surrender application. the scheme manager under the Mineral and Energy Resources (Financial Provisioning) Act 2018 A requirement under subsection (2) is a residual risks requirement . If a progressive certification has previously been given for a relevant tenure for the environmental authority, the administering authority must, in deciding to require the payment, confirm that the area of the relevant tenure still meets the criteria under section 318ZI against which it was certified. s 271 prev s 271 exp 2 January 2001 (see s 271(2)) pres s 271 ins 2000 No. 64 s 6 amd 2004 No. 53 s 2 sch sub 2012 No. 16 ss 7 – 8 amd 2020 No. 26 s 58 (sec.271-ssec.1) This section applies for a surrender application for an environmental authority for a resource activity. (sec.271-ssec.2) The administering authority may, by written notice, require the applicant to pay the administering authority, or another entity that performs functions under this Act, a stated amount within a stated reasonable period for the residual risks of land the subject of the surrender application. the scheme manager under the Mineral and Energy Resources (Financial Provisioning) Act 2018 (sec.271-ssec.3) A requirement under subsection (2) is a residual risks requirement . (sec.271-ssec.4) If a progressive certification has previously been given for a relevant tenure for the environmental authority, the administering authority must, in deciding to require the payment, confirm that the area of the relevant tenure still meets the criteria under section 318ZI against which it was certified.