261ADefinitions

261A Definitions

261A Definitions

In this Part—

assessed deposit has the meaning given by section 261BC.

group security deposit means a single security deposit that, under a security deposit condition or conditions, is required to be provided and maintained in respect of more than one authorisation.

holder, in relation to an authorisation that has ceased to have effect, means the person who was the holder of the authorisation immediately before it ceased to have effect.

minimum deposit has the meaning given by section 261BF.

obligations under an authorisation means—

(a) any obligations under the conditions of an authorisation, other than an obligation to pay royalty, and

(b) any obligations on the holder of the authorisation under Part 11.

security deposit condition means a condition of an authorisation imposed under section 261B.

s 261A: Ins 2008 No 19, Sch 1 [224]. Am 2012 No 46, Sch 5.2 [21].