71Security for payment of charges

#### 71 Security for payment of charges 71 Security for payment of charges > > (1) As security for the payment of charges that have been or may be incurred under this Part by a person, the relevant port authority may require the person to lodge with it a security deposit. > > > (2) The security deposit may take the form of cash or a guarantee from a bank, building society or credit union or such other form as the relevant port authority may approve, and is to be in or for an amount determined by the relevant port authority. > > > (3) The relevant port authority may appropriate a security deposit or the proceeds of a security deposit to meet liabilities of the depositor (including any interest payable) under this Part that are unpaid after becoming due. > > > (4) In the event that a security deposit or the proceeds of a security deposit have been appropriated or partly appropriated, the relevant port authority may require lodgment of further security. > > > (5) If at any time the relevant port authority considers that a depositor’s potential liabilities under this Part should be more adequately guaranteed, the relevant port authority may require the lodgment of security in a greater amount, or in a different form, or both. > > > (6) This section is subject to the terms of— > > > > > (a) the operating licence issued to the Port Corporation, and > > > > > (b) a contract made with the Minister by a contractor. > > **s 71:** Am 1996 No 24, Sch 1; 2024 No 67, Sch 2\[59\].