219Definition of rehabilitation bond

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219 Definition of rehabilitation bond

(1) In this Division rehabilitation bond means an instrument acceptable to the Minister securing the payment of a specified amount of money for any rehabilitation work, clean-up work or pollution prevention work that may be necessary as a result of a greenhouse gas sequestration operation.

(2) A rehabilitation bond is not to include any costs associated with long-term monitoring or verification arising in relation to the surrender of injection rights under an injection and monitoring licence.

Section 219 - Greenhouse Gas Geological Sequestration Act 2008 - Definition of rehabilitation bond | Zoe