Western Australian Current Acts Western Australian Current Acts (1) On receipt of
surety for an authorisation the CEO must —
(a)
record on the register the provision of the surety for the authorisation; and
(b) if
the surety is provided in the form of the nomination of one or more resource
shares, record on the register the nomination of each nominated share as
surety for the authorisation.
(2) If, under section
156, the CEO gives written details of the nomination of a resource share as
surety for an authorisation to a security holder the CEO must not record the
nomination of the resource share as surety for the authorisation unless
—
(a) 21
days has expired from the day on which the details were given; or
(b) the
CEO has the written consent of the holder of the resource share and the
security holder to do so.
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