MCU14/0028 Appendix 2 EnvProtAct 1994

                                                     Environmental Protection Act 1994
              Chapter 5 Environmental authorities and environmentally relevant activities
                                                             Part 12 General provisions

                                                                                  [s 307]

              (b)    if the information notice states a later day of effect—the
                     later day.
        (8)   In this section—
              change, financial assurance, includes to decrease or increase
              its amount.
              financial assurance, given, includes financial assurance
              changed because of a requirement previously made under this
              section.


Subdivision 5               Replenishing financial assurance

307      Replenishment of financial assurance
        (1)   This section applies if—
              (a)    under subdivision 3, all or part of the financial assurance
                     for an environmental authority for a resource activity,
                     other than a mining activity, has been realised; and
              (b)    the environmental authority is still in force.
        (2)   The administering authority must give the environmental
              authority holder a notice—
              (a)    stating how much of the financial assurance has been
                     used; and
              (b)    directing the holder to, within 20 business days after the
                     giving of the notice, replenish the financial assurance so
                     that its amount and form comply with the financial
                     assurance required under a notice given under section
                     296.
        (3)   It is a condition of the environmental authority that the holder
              must comply with the direction.




Current as at 20 February 2014                                                 Page 215