sec.61Administration fee for particular sureties

sec.61 Administration fee for particular sureties

This section applies if— the holder of an authority is required to give a surety under section 53 (d) , (e) , (f) , (g) or (h) ; or the holder of a small scale mining tenure is required to give a surety under section 53 (i) ; or the holder of an authority or small scale mining tenure replaces a surety. The holder must pay the scheme manager the administration fee prescribed by regulation for the surety. The administration fee must be paid— for subsection (1) (a) or (b) —within the period mentioned in section 55A for giving the surety; or for subsection (1) (c) —within 30 business days after the replacement surety is given. s 61 amd 2024 No. 33 s 183 s ch 1 pt 2 (sec.61-ssec.1) This section applies if— the holder of an authority is required to give a surety under section 53 (d) , (e) , (f) , (g) or (h) ; or the holder of a small scale mining tenure is required to give a surety under section 53 (i) ; or the holder of an authority or small scale mining tenure replaces a surety. (sec.61-ssec.2) The holder must pay the scheme manager the administration fee prescribed by regulation for the surety. (sec.61-ssec.3) The administration fee must be paid— for subsection (1) (a) or (b) —within the period mentioned in section 55A for giving the surety; or for subsection (1) (c) —within 30 business days after the replacement surety is given.

• (a) the holder of an authority is required to give a surety under section 53 (d) , (e) , (f) , (g) or (h) ; or
• (b) the holder of a small scale mining tenure is required to give a surety under section 53 (i) ; or
• (c) the holder of an authority or small scale mining tenure replaces a surety.
• (a) for subsection (1) (a) or (b) —within the period mentioned in section 55A for giving the surety; or
• (b) for subsection (1) (c) —within 30 business days after the replacement surety is given.