261BBAmount of security deposit

261BB Amount of security deposit

261BB Amount of security deposit

(1) The amount of the security deposit that may be required by a security deposit condition is—

(a) the assessed deposit for the authorisation concerned as at the date the decision-maker imposes or varies the condition, or

(b) if there is no assessed deposit for the authorisation—the minimum deposit for the authorisation as at the date the decision-maker imposes or varies the condition.

(2) The amount of a group security deposit that may be required by a security deposit condition is—

(a) the assessed deposit for the authorisations concerned as at the date the decision-maker imposes or varies the condition, or

(b) if there is no assessed deposit for the authorisations—the amount specified under section 261BC(7)(a) as at the date the decision-maker imposes or varies the condition.

s 261BB: Ins 2012 No 46, Sch 5.2 [27]. Am 2022 No 21, Sch 1[99] (am 2022 No 59, Sch 1.25[1]).