282Financial assurance condition—claim or realisation

282 Financial assurance condition—claim or realisation (a) a licence is subject to a financial assurance condition; and (b) a population, habitat or ecosystem is seriously or materially damaged because of the licensed activity; and

(c) the conservator incurs, or will incur, expenses in repairing the damage; and (d) the damage is the kind of harm for which the financial assurance may be claimed or realised; and (e) the damage was not licensed under this Act. (2) The conservator may recover the reasonable expenses of repairing the damage by making a claim on or realising the financial assurance.