sec.45FPeriod of election notice

sec.45F Period of election notice

An election notice for the authority has effect from the day the election notice is given to the applicable holder. An election notice for the authority stops having effect if— the estimated rehabilitation cost for the authority is— less than $100,000; or equal to or more than the prescribed ERC amount; or the scheme manager makes an allocation decision for the authority that allocates the authority to a risk category of high; or the authority is surrendered under the Environmental Protection Act 1994 , chapter 5 ; or for an applicable holder mentioned in section 45A , definition applicable holder , paragraph (a) —a changed holder event happens that has the effect of another holder of the authority being liable to pay a contribution, or give a surety, under this part; or for an applicable holder mentioned in section 45A , definition applicable holder , paragraph (b) if a changed holder event of a type mentioned in section 31A (1) (a) happened—the prescribed dealing is not approved under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 by the Minister. s 45F ins 2024 No. 33 s 111 (sec.45F-ssec.1) An election notice for the authority has effect from the day the election notice is given to the applicable holder. (sec.45F-ssec.2) An election notice for the authority stops having effect if— the estimated rehabilitation cost for the authority is— less than $100,000; or equal to or more than the prescribed ERC amount; or the scheme manager makes an allocation decision for the authority that allocates the authority to a risk category of high; or the authority is surrendered under the Environmental Protection Act 1994 , chapter 5 ; or for an applicable holder mentioned in section 45A , definition applicable holder , paragraph (a) —a changed holder event happens that has the effect of another holder of the authority being liable to pay a contribution, or give a surety, under this part; or for an applicable holder mentioned in section 45A , definition applicable holder , paragraph (b) if a changed holder event of a type mentioned in section 31A (1) (a) happened—the prescribed dealing is not approved under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 by the Minister.

• (a) the estimated rehabilitation cost for the authority is— (i) less than $100,000; or (ii) equal to or more than the prescribed ERC amount; or
• (i) less than $100,000; or
• (ii) equal to or more than the prescribed ERC amount; or
• (b) the scheme manager makes an allocation decision for the authority that allocates the authority to a risk category of high; or
• (c) the authority is surrendered under the Environmental Protection Act 1994 , chapter 5 ; or
• (d) for an applicable holder mentioned in section 45A , definition applicable holder , paragraph (a) —a changed holder event happens that has the effect of another holder of the authority being liable to pay a contribution, or give a surety, under this part; or