Victorian Current Acts Victorian Current Acts(1) If the Authority makes a claim on a financial assurance, the Authority may require the person who provided the financial assurance to replenish the amount of the financial assurance by giving notice in writing.
(2) A notice under subsection (1) must set out the amount the person is required to provide to replenish the amount of the financial assurance consequent to the claim.
(3) If a person is given notice under subsection (1), the person must provide the amount required to replenish the financial assurance within a period, not less than 30 business days, to be specified by the Authority.
S. 231 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), substituted by No. 35/2023 s. 32.