MCU14/0028 Appendix 2 EnvProtAct 1994

                                                        Environmental Protection Act 1994
                                     Chapter 13 Savings, transitional and related provisions
 Part 19 Transitional provisions for the Mining and Other Legislation Amendment Act 2013

                                                                                     [s 712]

        (3)    If the amount of the EA financial assurance is more than the
               required amount—
               (a)    the amount of the EA financial assurance that is equal to
                      the required amount is taken to be the financial
                      assurance for the mining tenure; and
               (b)    the administering authority must return to the holder the
                      amount that is more than the required amount.
        (4)    If the amount of the EA financial assurance is less than the
               required amount—
               (a)    the amount of the EA financial assurance is taken to be
                      part of the financial assurance for the mining tenure; and
               (b)    the holder must, to comply with the prescribed
                      condition, give the administering authority the amount
                      that is the difference between the required amount and
                      the EA financial assurance.




Current as at 20 February 2014                                                    Page 591