The regulations may
make provision —
(a)
empowering the CEO to require the holder of a licence, or a person required
under the EP Act to hold a licence, 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 74 amended: No. 40 of 2020 s. 118(2).]