Document ID: chunk:federal_register_of_legislation:C2024C00828:section:571:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 571 (pt 2/2)
Character Range: 1441970–1443005

(5) In this section:
environment plan for a petroleum activity means an environment plan for the activity under prescribed regulations, or a prescribed provision of regulations, made under this Act.
financial institution has its ordinary meaning, and (to avoid doubt) includes:
 (a) an authorised deposit‑taking institution within the meaning of the Banking Act 1959; and
 (b) a financial institution of a foreign country.
petroleum activity has the meaning given by prescribed regulations, or a prescribed provision of regulations, made under this Act.
self‑insurance: for a petroleum activity in relation to a title, the titleholder maintains financial assurance in the form of self‑insurance to the extent that the titleholder ensures that financial resources are available at all times while the title is in force to meet costs, expenses and liabilities in relation to the activity arising as mentioned in subsection (2).
titleholder, for a title in relation to which this section applies, means the registered holder of the title.