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Petroleum Act 1998
176Return of bond if rehabilitation satisfactory
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176 Return of bond if rehabilitation satisfactory
(1) Subject to subsection (2), the Minister must discharge a rehabilitation bond, or return a rehabilitation bond to the holder or former holder of the authority, as soon as possible once the Minister is satisfied—
(a) that the relevant land has been rehabilitated as required by section 170; and
(b) that the rehabilitation is likely to be successful; and
(c) that any other work in respect of which the bond was required has been satisfactorily completed.
S. 176(2) inserted by No. 20/2020 s. 23(2).
(2) If land used in carrying out a petroleum operation is private land, the Minister must not discharge or return a rehabilitation bond that applies in respect of that land before consulting the owner of the land and the municipal council in whose municipal district the land is situated.
S. 176(3) inserted by No. 20/2020 s. 23(2).
(3) The Minister may, as a condition of discharging or returning a rehabilitation bond, require the authority holder or former authority holder to obtain a further rehabilitation bond in respect of the land if the Minister—
(a) is not satisfied that the land or any part of the land has been rehabilitated as required by section 170; or
(b) is satisfied that further rehabilitation of the land or any part of the land is necessary.
Division 3—Information to be given to the Minister