After section 4—
insert—
'Chapter 1, part 3, division 2—
insert—
'(1) A prescribed condition, for a small scale mining activity, is a condition prescribed under a regulation for the carrying out of the activity.
Example of a prescribed condition—
a condition about rehabilitating land
'(2) Without limiting subsection (1), a prescribed condition may require the holder of a mining tenure for carrying out a small scale mining activity (a small scale mining tenure) to give the administering authority financial assurance of an amount prescribed under a regulation—
(a) before the relevant activity is carried out under the mining tenure; and
(b) as security for—
(i) compliance with other prescribed conditions for carrying out the small scale mining activity; and
(ii) costs or expenses, or likely costs or expenses, mentioned in section 298.
'(3) However, the Minister may recommend to the Governor in Council a regulation imposing a prescribed condition requiring a financial assurance to be given only if the Minister is satisfied the condition is justified having regard to the matters mentioned in section 292(2).'.'.