106DAmount of security deposit

106D Amount of security deposit

106D Amount of security deposit

The amount of the security deposit that may be required by a security deposit condition is—

(a) the assessed deposit for the petroleum title concerned as at the date the condition is imposed or varied, or

(b) if there is no assessed deposit for the petroleum title—the minimum deposit for the petroleum title as at the date the condition is imposed or varied.

ss 106C–106I: Ins 2012 No 46, Sch 6.1 [18].