66Financial assurance condition—recovery of extra costs

66 Financial assurance condition—recovery of extra costs (a) the director-general makes a claim on or realises a financial assurance under a public unleased land permit; and (b) the amount recovered by the director-general (the realised assurance) is less than the reasonable expenses that the director-general incurred, or will incur, in repairing the damage. (2) The director-general may give the permit-holder written notice— (a) requiring the permit-holder to pay the stated amount, being the difference between the reasonable expenses and the realised assurance; and (b) stating when (the due date) the stated amount is required to be paid. (3) The director-general must not decide a due date that is earlier than 20 working days after the date of the notice.

(4) If the permit-holder does not pay the stated amount on or before the due date, the amount that remains unpaid, together with interest on the unpaid amount, is a debt due to the Territory by the permit-holder. Note 1 A rate of interest may be determined under s 130 for this provision.