The regulations may
make provision —
(a)
empowering the CEO to require a licensee to provide a financial assurance for
the purpose of securing or guaranteeing payment of a levy; and
(b) with
respect to the form, amount, maintenance and termination of the financial
assurance; and
(c) with
respect to the conditions and procedures under which the financial assurance
may be called on or used; and
(d) with
respect to matters necessary for, or incidental to, the effective operation of
a financial assurance.
[Section 110C inserted: No. 14 of 1998 s. 20;
amended: No. 54 of 2003 s. 140(2).]