Victorian Current Acts Victorian Current Acts(1) Subject to subsection (2), the Authority may review the following—
(a) the requirement for a person to provide a financial assurance;
(b) the amount of a financial assurance;
(c) the form of a financial assurance.
(2) The Authority may review a financial assurance if—
(a) a prescribed permission issued or granted with a condition requiring the holder of the permission to provide a financial assurance is reviewed or varied; or
(b) the financial assurance was provided as a condition of a site management order and the order is varied; or
(c) the financial assurance was provided as a condition of an environmental action notice and the notice is varied; or
(d) the financial assurance was provided as a condition of an Order relating to environmentally hazardous substances and the Order is varied; or
(e) the Authority publishes an updated method for calculating the amount of a financial assurance that is relevant to the particular activity that the financial assurance is provided in relation to; or
(f) the person who provided the financial assurance requests a review of the form or amount of the financial assurance; or
(g) the Authority is satisfied, having regard to the prescribed risk assessment criteria, that there is a variation to the estimate of the costs and expenses of remediation or clean up activities for the particular activity that the financial assurance is provided in relation to.
S. 226 inserted by No. 39/2018 s. 7 (as amended by Nos 27/2019 ss 12− 30, 3/2020 ss 42– 44, 47/2020 s. 26).