(1) The Minister may require a geothermal tenure holder or a person who has applied for a geothermal tenure to give the State security for the tenure, or proposed tenure.
(2) The security must be--
(a) in the form prescribed under a regulation; and
(b) of at least the amount prescribed under a regulation.
(3) The requirement may be made at any time.
(4) However, the requirement does not take effect until the holder or applicant is given--
(a) for a requirement to give security in the form and amount prescribed under subsection (2)--notice of the requirement; or
(b) otherwise--an information notice about the decision to make the requirement.