Queensland Numbered Acts

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MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 53

Application of subdivision

53 Application of subdivision

This subdivision applies if—

(a) both of the following apply—
(i) the scheme manager makes an allocation decision for an authority that allocates the authority to the risk category of high;
(ii) section 46(b) does not apply; or
(b) both of the following apply—
(i) the scheme manager makes an allocation decision for an authority that allocates the authority to the risk category of very low, low or moderate;
(ii) the holder of the authority is required to give a surety under section 49(3); or
(c) both of the following apply—
(i) the scheme manager makes an allocation decision for an authority that allocates the authority to the risk category of very low, low or moderate;
(ii) the scheme manager decides the holder of the authority must give a surety, rather than pay a contribution, to preserve the financial viability of the scheme fund; or
(d) the estimated rehabilitation cost for an authority is less than the prescribed ERC amount; or
(e) the holder of a small scale mining tenure is required under the Environmental Protection Act 1994 , section 21A(2) to give a surety before carrying out an activity, or allowing the carrying out of an activity, under the tenure.



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