27Entitlement to refunds under cash deposit financial arrangements

27 Entitlement to refunds under cash deposit financial arrangements

27 Entitlement to refunds under cash deposit financial arrangements

(1) This section applies if, at the time a permit ceases to be in force under the Act, section 151(1)—

(a) a cash deposit financial arrangement is in effect for the purposes of the security condition of the permit, and

(b) the Minister is satisfied the permit holder has no remaining compliance obligations.

(2) The permit holder is entitled to the following, less any amount the Minister certifies to be attributable to administration costs—

(a) a refund of the deposited amount, less any amount forfeited under section 26,

(b) payment of any interest accrued on the investment of the deposit.