Offshore Minerals Act 1999
68Amendment of security requirements
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68 Amendment of security requirements
68 Amendment of security requirements
(1) If the provisional holder:
(a) is notified of a security requirement, and
(b) is dissatisfied with the amount of the security required,
the provisional holder may ask the Minister to make a new determination under section 399.
(2) The request must be made within 30 days after the day on which the provisional holder is given notice under section 66.
(3) If a request is made under subsection (1), the Minister may make a new determination under section 399.
(4) The Minister must give the provisional holder written notice of the new determination.