Document ID: chunk:federal_register_of_legislation:F2024L01639:clause:1_103
Version: federal_register_of_legislation:F2024L01639
Segment Type: clause
Provision Reference: sch 1 cl 103
Character Range: 104668–105576

103  Financial security may be required at different times in relation to particular licence infrastructure
  For the purposes of paragraph 117(3)(b) of the Act, the financial security required by subsection 117(1) of the Act in relation to a licence may be provided at different times in relation to particular licence infrastructure if:
 (a) the management plan for the licence includes a timetable for the provision of financial security under subsection 117(1) of the Act that:
 (i) sets out when the financial security that relates to particular licence infrastructure is to be provided; and
 (ii) requires the financial security that relates to particular licence infrastructure to be provided before that licence infrastructure is constructed or installed in the licence area; and
 (b) the financial security is provided in accordance with the timetable included under paragraph (a) of this section.