sec.271Power to require security for GHG authority

sec.271 Power to require security for GHG authority

The Minister may require the holder of a GHG authority or a person who has applied for a GHG authority to give the State security for the authority, or proposed authority. The security must be— in the form prescribed under a regulation; and of at least the amount prescribed under a regulation. The requirement may be made at any time. However, the requirement does not take effect until the holder or applicant is given— for a requirement to give security in the form and amount prescribed under subsection (2) —notice of the requirement; or otherwise—an information notice about the decision to make the requirement. (sec.271-ssec.1) The Minister may require the holder of a GHG authority or a person who has applied for a GHG authority to give the State security for the authority, or proposed authority. (sec.271-ssec.2) The security must be— in the form prescribed under a regulation; and of at least the amount prescribed under a regulation. (sec.271-ssec.3) The requirement may be made at any time. (sec.271-ssec.4) However, the requirement does not take effect until the holder or applicant is given— for a requirement to give security in the form and amount prescribed under subsection (2) —notice of the requirement; or otherwise—an information notice about the decision to make the requirement.

• (a) in the form prescribed under a regulation; and
• (b) of at least the amount prescribed under a regulation.
• (a) for a requirement to give security in the form and amount prescribed under subsection (2) —notice of the requirement; or
• (b) otherwise—an information notice about the decision to make the requirement.