Queensland Numbered Acts

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GREENHOUSE GAS STORAGE ACT 2009 No. 3 - SECT 270

270 Operation and purpose of pt 6

(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.


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