QLDIn ForceAct
Mineral and Energy Resources (Financial Provisioning) Act 2018
sec.68Realisation of surety
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sec.68 Realisation of surety
The scheme manager must, as soon as practicable after receiving the request— make a claim on, or realise, the surety to the extent of the lesser of the following— the amount of the costs and expenses; the amount of the surety; and give the amount claimed or realised under paragraph (a) to the requesting entity.
- (a) make a claim on, or realise, the surety to the extent of the lesser of the following— (i) the amount of the costs and expenses; (ii) the amount of the surety; and
- (i) the amount of the costs and expenses;
- (ii) the amount of the surety; and
- (b) give the amount claimed or realised under paragraph (a) to the requesting entity.
- (i) the amount of the costs and expenses;
- (ii) the amount of the surety; and