Document ID: chunk:federal_register_of_legislation:C2024C00828:section:31
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 31
Character Range: 159375–160604

31  Securities

Greenhouse gas titles
 (1) For the purposes of this Act, if:
 (a) a greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence is in force; and
 (b) either:
 (i) the successful applicant for the permit, lease or licence lodged a security with the responsible Commonwealth Minister in response to the offer document for the permit, lease or licence; or
 (ii) the registered holder, or a former registered holder, of the permit, lease or licence lodged a security with the responsible Commonwealth Minister in response to a notice under section 454; and
 (c) the security has not been wholly discharged;
the security is taken to be in force in relation to the permit, lease or licence.

Site closing certificate
 (2) For the purposes of this Act, if:
 (a) a site closing certificate is in force; and
 (b) the successful applicant for the certificate lodged a security with the responsible Commonwealth Minister in response to the pre‑certificate notice for the site closing certificate; and
 (c) the security has not been wholly discharged;
the security is taken to be in force in relation to the site closing certificate.
Note: For pre‑certificate notice, see section 388.