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Protection of the Environment Operations Act 1997
297APurpose of this Part
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297A Purpose of this Part
297A Purpose of this Part
(1) The purpose of this Part is to provide (by way of conditions of environment protection licences) financial assurances to secure or guarantee funding for or towards the carrying out of works or programs (such as remediation work or pollution reduction programs) required by or under a licence.
(2) A financial assurance is not to operate as a mere penalty for a contravention of this Act, the regulations or the conditions of a licence.
s 297A (previously s 296): Renumbered 2024 No 10, Sch 1[12].