### sec.494 Retention of security after petroleum authority ends Security, or part of security, given for a petroleum authority may be kept for 1 year after the authority has ended. Also, if a claim made for the use of the security has not been assessed, an appropriate amount of the security to meet the claim may be kept until the claim has been assessed. (sec.494-ssec.1) Security, or part of security, given for a petroleum authority may be kept for 1 year after the authority has ended. (sec.494-ssec.2) Also, if a claim made for the use of the security has not been assessed, an appropriate amount of the security to meet the claim may be kept until the claim has been assessed.

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Section sec.494 - Petroleum and Gas (Production and Safety) Act 2004 - Retention of security after petroleum authority ends — Zoe