VICIn ForceAct
Greenhouse Gas Geological Sequestration Act 2008
221Minister may require increased rehabilitation bond
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221 Minister may require increased rehabilitation bond
(1) This section applies if the Minister believes that the amount secured by a rehabilitation bond in relation to a greenhouse gas sequestration operation is insufficient.
(2) The Minister may, by written notice, require the holder of the authority to obtain an extension of, or a further, rehabilitation bond for an amount determined by the Minister.
(3) Before making a requirement, the Minister must consult the holder of the authority.
(4) The holder of the authority must comply with a notice imposing such a requirement within 30 days after being given the notice.