sec.492Replenishment of security

### sec.492 Replenishment of security This section applies, if— under section 491 , all or part of the security for a petroleum authority has been used; and the authority is still in force. The Minister must give the authority holder a notice— stating how much of the security has been used; and directing the holder to, within 30 days after the giving of the notice, replenish the security for the authority up to the higher of the following— the amount prescribed under a regulation; if the notice states that, under section 488 , another amount is required—the other amount. (sec.492-ssec.1) This section applies, if— under section 491 , all or part of the security for a petroleum authority has been used; and the authority is still in force. (sec.492-ssec.2) The Minister must give the authority holder a notice— stating how much of the security has been used; and directing the holder to, within 30 days after the giving of the notice, replenish the security for the authority up to the higher of the following— the amount prescribed under a regulation; if the notice states that, under section 488 , another amount is required—the other amount. - (a) under section 491 , all or part of the security for a petroleum authority has been used; and - (b) the authority is still in force. - (a) stating how much of the security has been used; and - (b) directing the holder to, within 30 days after the giving of the notice, replenish the security for the authority up to the higher of the following— (i) the amount prescribed under a regulation; (ii) if the notice states that, under section 488 , another amount is required—the other amount. - (i) the amount prescribed under a regulation; - (ii) if the notice states that, under section 488 , another amount is required—the other amount. - (i) the amount prescribed under a regulation; - (ii) if the notice states that, under section 488 , another amount is required—the other amount.