Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 68

68 Realisation of surety

The scheme manager must, as soon as practicable after receiving the request—

(a) make a claim on, or realise, the surety to the extent of the lesser of the following—

(i) the amount of the costs and expenses;

(ii) the amount of the surety; and

(b) give the amount claimed or realised under paragraph (a) to the requesting entity.