489Additional securities etc.

489 Additional securities etc.

(a) one or more securities are in force in relation to—

(b) the Minister is satisfied that the total amount of the securities is insufficient—

the Minister may give the permittee, lessee or licensee a written notice—

(c) requiring the permittee, lessee or licensee to lodge with the Minister, within 60 days after the giving of the notice, an additional security in respect of compliance with the applicable statutory obligations by the registered holder for the time being of the permit, lease or licence; and

(d) specifying the form and amount of the additional security.

(a) a greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence is in force; and

(b) no security is in force in relation to the permit, lease or licence; and

(c) the Minister is satisfied that it would be appropriate to require the lodgment of a security in respect of compliance with the applicable statutory obligations by the registered holder for the time being of the permit, lease or licence—

the Minister may give the permittee, lessee or licensee a written notice—

(d) requiring the permittee, lessee or licensee to lodge with the Minister, within 60 days after the giving of the notice, a security in respect of compliance, by the registered holder for the time being of the permit, lease or licence, with the applicable statutory obligations; and

(e) specifying the form and amount of the security.

(3) For the purposes of this section, the applicable statutory obligations are as follows—

(a) the obligation of the registered holder to comply with a condition to which the permit, lease or licence is subject;

(b) the obligation of the registered holder to comply with a direction given to the registered holder by the Minister under this Chapter, Chapter 6 or Part 8.1;

(c) the obligation of the registered holder to comply with the provisions of—

(v) the regulations.