sec.765Transfer of funds

### sec.765 Transfer of funds On the commencement, the administering authority must— transfer to the scheme manager all financial assurances for resource activities given under the pre-amended Act in cash and held by the authority; and take all necessary steps to transfer to the scheme manager any instruments or other forms of financial assurance held by the authority. In this section— financial assurance includes a financial assurance given by the holder of a small scale mining tenure under a prescribed condition imposed under the pre-amended Act, section 21A. s 765 ins 2018 No 30 s 203 (sec.765-ssec.1) On the commencement, the administering authority must— transfer to the scheme manager all financial assurances for resource activities given under the pre-amended Act in cash and held by the authority; and take all necessary steps to transfer to the scheme manager any instruments or other forms of financial assurance held by the authority. (sec.765-ssec.2) In this section— financial assurance includes a financial assurance given by the holder of a small scale mining tenure under a prescribed condition imposed under the pre-amended Act, section 21A. - (a) transfer to the scheme manager all financial assurances for resource activities given under the pre-amended Act in cash and held by the authority; and - (b) take all necessary steps to transfer to the scheme manager any instruments or other forms of financial assurance held by the authority.