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Pipelines Act 2005
142Minister may require increased rehabilitation bond
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142 Minister may require increased rehabilitation bond
(1) This section applies if the Minister believes that the amount secured by a rehabilitation bond in relation to the construction, decommissioning or removal of a pipeline is insufficient.
(2) The Minister may, by written notice, require the licensee to obtain an extension of the rehabilitation bond, or a further rehabilitation bond for an amount determined by the Minister.
(3) The further rehabilitation bond must be acceptable to the Minister.
(4) Before making a requirement under this section, the Minister must consult the licensee.
(5) The licensee must comply with a notice imposing a requirement under this section within 30 days after being given the notice.