(1) This part empowers the Minister to require, from time to time, the holder of a GHG authority or a person who has applied for a GHG authority to give the State security for the authority or proposed authority.
(2) The security may be used to pay--
(a) any liability under this Act that the State incurs because of an act or omission of the holder; and
(b) any unpaid annual rent payable by the holder to the State; and
(c) other unpaid amounts payable under this Act by the holder to the State, including for example, any of the following payable by the holder to the State--
(i) unpaid civil penalty;
(ii) unpaid interest on unpaid annual rent;
(iii) any debt payable by the holder under section 371; and
(d) any compensation the State must pay under section 360 because of the exercise or purported exercise of a remedial power under section 356 for the GHG authority, whether or not the authority has ended.