sec.273Amount and form of payment

### sec.273 Amount and form of payment The administering authority must decide the amount and form of the payment required. The administering authority must have regard to the residual risk assessment guideline in deciding the amount of the payment. Despite subsections (1) and (2) , the administering authority can not require a payment of an amount more than the amount that, in the authority’s opinion, represents the likely management costs. In this section— likely management costs , in relation to land the subject of a surrender application, means all likely costs and expenses that may be incurred in carrying out remedial action or ongoing management activities in relation to the land because of residual risks of the land. s 273 ins 2000 No. 64 s 6 sub 2012 No. 16 ss 7 – 8 amd 2020 No. 26 s 59 (sec.273-ssec.1) The administering authority must decide the amount and form of the payment required. (sec.273-ssec.2) The administering authority must have regard to the residual risk assessment guideline in deciding the amount of the payment. (sec.273-ssec.3) Despite subsections (1) and (2) , the administering authority can not require a payment of an amount more than the amount that, in the authority’s opinion, represents the likely management costs. (sec.273-ssec.4) In this section— likely management costs , in relation to land the subject of a surrender application, means all likely costs and expenses that may be incurred in carrying out remedial action or ongoing management activities in relation to the land because of residual risks of the land.