sec.762ERC decisions for environmental authorities for resource activities if s 761 does not apply

### sec.762 ERC decisions for environmental authorities for resource activities if s 761 does not apply This section applies to an environmental authority for a resource activity in force on the commencement if section 761 does not apply in relation to the authority. On the commencement, an ERC decision is taken to have been made for the resource activity under the amended Act, section 300. For applying the amended Act, chapter 5, part 14— the estimated rehabilitation cost under the ERC decision is taken to be— if, before the commencement, the holder has given financial assurance to the administering authority—the amount of the financial assurance given; or otherwise—nil; and the ERC period for the ERC decision is taken to be 3 years starting on the commencement. s 762 ins 2018 No 30 s 203 (sec.762-ssec.1) This section applies to an environmental authority for a resource activity in force on the commencement if section 761 does not apply in relation to the authority. (sec.762-ssec.2) On the commencement, an ERC decision is taken to have been made for the resource activity under the amended Act, section 300. (sec.762-ssec.3) For applying the amended Act, chapter 5, part 14— the estimated rehabilitation cost under the ERC decision is taken to be— if, before the commencement, the holder has given financial assurance to the administering authority—the amount of the financial assurance given; or otherwise—nil; and the ERC period for the ERC decision is taken to be 3 years starting on the commencement. - (a) the estimated rehabilitation cost under the ERC decision is taken to be— (i) if, before the commencement, the holder has given financial assurance to the administering authority—the amount of the financial assurance given; or (ii) otherwise—nil; and - (i) if, before the commencement, the holder has given financial assurance to the administering authority—the amount of the financial assurance given; or - (ii) otherwise—nil; and - (b) the ERC period for the ERC decision is taken to be 3 years starting on the commencement. - (i) if, before the commencement, the holder has given financial assurance to the administering authority—the amount of the financial assurance given; or - (ii) otherwise—nil; and