215AGuarantee as alternative to deposit

#### 215A Guarantee as alternative to deposit 215A Guarantee as alternative to deposit > > (1) It is sufficient compliance with a requirement of this Division to deposit an amount of money with the Authority if a guarantee from a bank, building society or credit union guaranteeing payment of the amount is provided on terms acceptable to the Authority. > > > > In the case of a self-insurer that is a State owned corporation, the guarantee may also be provided by the Treasury Corporation on terms acceptable to the Authority. > > > (2) If a refund of part of a deposit is authorised under section 213, the authorisation operates as authority for the Authority to give the appropriate partial release from a guarantee provided instead of a deposit. > > > (3) Any amount paid to the Authority pursuant to such a guarantee is to be regarded for the purposes of this Division as having been deposited with the Authority by the person concerned and is to be dealt with accordingly. > > > (4) In this section— > > > > guarantee includes undertaking. > > **s 215A:** Ins 1989 No 133, Sch 8 (16). Am 1996 No 24, Sch 1; 2004 No 56, Sch 1 \[5\]; 2008 No 22, Sch 1 \[17\] \[18\].