sec.275Replenishment of security

sec.275 Replenishment of security

This section applies if— under section 274 , all or part of the security for a GHG authority has been used; and the GHG authority is still in force. The Minister must give the GHG authority holder a notice— stating how much of the security has been used; and directing the holder to within 30 days after the giving of the notice replenish the security for the GHG authority up to the higher of the following— the amount prescribed under a regulation; if the notice states that under section 271 , another amount is required—the other amount. (sec.275-ssec.1) This section applies if— under section 274 , all or part of the security for a GHG authority has been used; and the GHG authority is still in force. (sec.275-ssec.2) The Minister must give the GHG authority holder a notice— stating how much of the security has been used; and directing the holder to within 30 days after the giving of the notice replenish the security for the GHG authority up to the higher of the following— the amount prescribed under a regulation; if the notice states that under section 271 , another amount is required—the other amount.

• (a) under section 274 , all or part of the security for a GHG authority has been used; and
• (b) the GHG authority is still in force.
• (a) stating how much of the security has been used; and
• (b) directing the holder to within 30 days after the giving of the notice replenish the security for the GHG authority up to the higher of the following— (i) the amount prescribed under a regulation; (ii) if the notice states that under section 271 , another amount is required—the other amount.
• (i) the amount prescribed under a regulation;
• (ii) if the notice states that under section 271 , another amount is required—the other amount.
• (i) the amount prescribed under a regulation;
• (ii) if the notice states that under section 271 , another amount is required—the other amount.