Mineral and Energy Resources (Financial Provisioning) Act 2018
sec.45BApplication of division
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sec.45B Application of division
This division applies if— the administering authority decides, under the Environmental Protection Act 1994 , section 300 , the estimated rehabilitation cost for an authority; and the estimated rehabilitation cost decided by the administering authority is equal to or more than $100,000 but less than the prescribed ERC amount; and the decision is the first decision in relation to the authority for which the estimated rehabilitation cost is equal to or more than $100,000 but less than the prescribed ERC amount; and immediately before the decision is made, the authority is not subject to risk category allocation under division 1 ; and the holder of the authority is also the holder of an authority— for which the estimated rehabilitation cost is equal to or more than $100,000; and that is allocated to a risk category other than high. Also, this division applies if— the administering authority decides, under the Environmental Protection Act 1994 , section 300 , the estimated rehabilitation cost for an authority; and the estimated rehabilitation cost decided by the administering authority is equal to or more than $100,000 but less than the prescribed ERC amount; and immediately before the decision is made— the estimated rehabilitation cost for the authority is equal to or more than the prescribed ERC amount; and the authority is allocated to a risk category other than high; and the holder of the authority is also the holder of an authority— for which the estimated rehabilitation cost is equal to or more than $100,000; and that is allocated to a risk category other than high. Further, this division applies if— the estimated rehabilitation cost for an authority is equal to or more than $100,000 but less than the prescribed ERC amount; and a changed holder event happens in relation to the authority; and the changed holder is also the holder of an authority— for which the estimated rehabilitation cost is equal to or more than $100,000; and that is allocated to a risk category other than high. A reference in subsection (1) (c) to a decision of the administering authority includes a decision made before the commencement. s 45B ins 2024 No. 33 s 111 (sec.45B-ssec.1) This division applies if— the administering authority decides, under the Environmental Protection Act 1994 , section 300 , the estimated rehabilitation cost for an authority; and the estimated rehabilitation cost decided by the administering authority is equal to or more than $100,000 but less than the prescribed ERC amount; and the decision is the first decision in relation to the authority for which the estimated rehabilitation cost is equal to or more than $100,000 but less than the prescribed ERC amount; and immediately before the decision is made, the authority is not subject to risk category allocation under division 1 ; and the holder of the authority is also the holder of an authority— for which the estimated rehabilitation cost is equal to or more than $100,000; and that is allocated to a risk category other than high. (sec.45B-ssec.2) Also, this division applies if— the administering authority decides, under the Environmental Protection Act 1994 , section 300 , the estimated rehabilitation cost for an authority; and the estimated rehabilitation cost decided by the administering authority is equal to or more than $100,000 but less than the prescribed ERC amount; and immediately before the decision is made— the estimated rehabilitation cost for the authority is equal to or more than the prescribed ERC amount; and the authority is allocated to a risk category other than high; and the holder of the authority is also the holder of an authority— for which the estimated rehabilitation cost is equal to or more than $100,000; and that is allocated to a risk category other than high. (sec.45B-ssec.3) Further, this division applies if— the estimated rehabilitation cost for an authority is equal to or more than $100,000 but less than the prescribed ERC amount; and a changed holder event happens in relation to the authority; and the changed holder is also the holder of an authority— for which the estimated rehabilitation cost is equal to or more than $100,000; and that is allocated to a risk category other than high. (sec.45B-ssec.4) A reference in subsection (1) (c) to a decision of the administering authority includes a decision made before the commencement.