Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 61

61 Administration fee for particular sureties

(1) This section applies if—

(a) the holder of an authority is required to give a surety under section 53(d); or

(b) the holder of a small scale mining tenure is required to give a surety under section 53(e); or

(c) the holder of an authority or small scale mining tenure replaces a surety.

(2) The holder must pay the scheme manager the administration fee prescribed by regulation for the surety.

(3) The administration fee must be paid—

(a) for subsection (1)(a) or (b)—within the period mentioned in section 55(3) for giving the surety; or

(b) for subsection (1)(c)—within 30 business days after the replacement surety is given.