Victorian Current Acts Victorian Current Acts(1) A licensee must not construct a pipeline unless the licensee has obtained a rehabilitation bond that is acceptable to the Minister and is for an amount specified by the Minister.
Penalty: In the case of a natural person, 120 penalty units;
In the case of a body corporate, 600 penalty units.
(2) If required by the Minister, a licensee must provide to the Minister before the cancellation or surrender of the licence a rehabilitation bond that is acceptable to the Minister and is for an amount specified by the Minister.
Penalty: In the case of a natural person, 120 penalty units;
In the case of a body corporate, 600 penalty units.
142Minister may require increased rehabilitation bond
(1) This section applies if the Minister believes that the amount secured by a rehabilitation bond in relation to the construction, decommissioning or removal of a pipeline is insufficient.
(2) The Minister may, by written notice, require the licensee to obtain an extension of the rehabilitation bond, or a further rehabilitation bond for an amount determined by the Minister.
(3) The further rehabilitation bond must be acceptable to the Minister.
(4) Before making a requirement under this section, the Minister must consult the licensee.
(5) The licensee must comply with a notice imposing a requirement under this section within 30 days after being given the notice.
Penalty: In the case of a natural person, 120 penalty units;
In the case of a body corporate, 600 penalty units.