New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
MINING ACT 1992 - SECT 261F
Claim on and use of security deposit
261F Claim on and use of security deposit
(1) The Minister may make a claim on or realise a security deposit provided
under a security deposit condition if-- (a) the authorisation is cancelled or
otherwise ceases to have effect and an obligation under the former
authorisation remains unfulfilled, or
(b) the holder of the authorisation has
failed to comply with a direction under section 240 that relates to the
authorisation or to activities carried out under, or purportedly under, the
authorisation.
(1A) The Minister may make a claim on or realise a security
deposit for a failure to comply with a direction under section 240 even if the
security deposit condition under which it was provided was imposed before the
direction was given.
(2) Before making a claim on or realising a security
deposit, the Minister must, if practicable, give written notice of the
proposed action to the holder of the authorisation or, if the authorisation
has been cancelled or has otherwise ceased to have effect, the former holder
of the authorisation.
(3) The Minister may use money obtained under a
security deposit-- (a) in the circumstances to which subsection (1) (a)
refers--to recover or fund the costs or expenses that the Crown reasonably
incurs in causing any obligation under the former authorisation to be
fulfilled, or
(b) in the circumstances to which subsection (1) (b) refers--to
recover or fund the reasonable costs or expenses of the Crown in giving effect
to the direction under section 240.
(3A) The Minister may use money obtained
under a security deposit for a small-scale title to recover or fund the
reasonable costs or expenses that the Crown reasonably incurs rehabilitating
land affected by activities undertaken under any small-scale title.
(4) The
Minister may invest money obtained under a security deposit-- (a) if the
Minister is a GSF agency for the purposes of the
Government Sector Finance Act 2018 , Part 6--in a way the Department is
permitted to invest money under that Part, or
(b) if the Minister is not a
GSF agency for the purposes of the Government Sector Finance Act 2018 , Part
6--in a way approved by the Treasurer.
(5) Any interest accruing on the money
is to be paid into the Derelict Mine Sites Fund.
(6) Money obtained under a
security deposit and used under subsection (3) or (3A) is taken, for all
purposes, to be forfeited to the Crown when it is so used.
(7) The functions
of the Minister under this Part may be exercised with or without the benefit
of a finding by a court or tribunal that the holder of the authorisation
concerned has failed to comply with a direction under section 240 or failed to
fulfil any obligation under the authorisation.
(8) In relation to a
group security deposit, a reference in this section to the authorisation is a
reference to any authorisation in respect of which the group security deposit
is provided and maintained.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback