Document ID: chunk:federal_register_of_legislation:C2024C00638:section:400
Version: federal_register_of_legislation:C2024C00638
Segment Type: section
Provision Reference: s 400
Character Range: 350710–351359

400  Application of security
 (1) If:
 (a) a person is a licence holder; and
 (b) the person has lodged a security with the Designated Authority;
the Joint Authority may use the security to discharge the person's obligations arising from a failure to comply with:
 (c) this Act; or
 (d) the licence conditions; or
 (e) a compliance direction.
 (2) Without limiting subsection (1), the holder's financial obligations include the obligation to pay a penalty imposed under the licence conditions.
 (3) Subject to subsection (1), the Joint Authority is to deal with a security in accordance with the regulations.

Division 4—Restoration of environment