106CSecurity may be required before application for title is granted

#### 106C Security may be required before application for title is granted 106C Security may be required before application for title is granted > > (1) If the Minister proposes to grant a petroleum title subject to a security deposit condition, the Minister may, by notice given to the applicant— > > > > > (a) advise the applicant of the proposed security deposit condition, and > > > > > (b) require the applicant to provide the security deposit required to be given and maintained under that condition before the title is granted. > > > (2) If the Minister requires a security deposit to be provided before a petroleum title is granted, the title must not be granted unless the security deposit is provided. > > **ss 106C–106I:** Ins 2012 No 46, Sch 6.1 \[18\].