s. 67B 67B Financial assurances S. 67B inserted by No. 20/1988 s. 9(7). (1) The financial assurances which the Authority may S. 67B(1) amended by require under sections 21, 31A and 53F may No. 7/2001 include any of the following— s. 23. (a) a letter of credit from a body that is S. 67B(1)(a) amended by permitted to use the expression "bank" under No. 11/2001 section 66 of the Banking Act 1959 of the s. 3(Sch. item 23.2(a)). Commonwealth; (b) certificates of title; S. 67B(1)(c) (c) personal guarantees; substituted by No. 11/2001 s. 3(Sch. item 23.2(b)). (ca) guarantees provided by a body that is S. 67B(1)(ca) inserted by permitted to use the expression "bank" under No. 11/2001 section 66 of the Banking Act 1959 of the s. 3(Sch. item 23.2(b)). Commonwealth; (d) bonds; (e) insurance; (f) any other form of security that the Authority considers appropriate. (2) The Authority is to determine the type and extent of a financial assurance. (3) The Authority may require the financial assurance to extend to the time when it is satisfied that no clean up will be required as a result of the use of the premises or the vehicle. (4) That time may extend beyond the time that the approval, licence, notice or permit to which the financial assurance applies is in force.
S. 67B inserted by No. 20/1988 s. 9(7). 67B Financial assurances S. 67B(1) amended by No. 7/2001 s. 23. (1) The financial assurances which the Authority may require under sections 21, 31A and 53F may include any of the following— S. 67B(1)(a) amended by No. 11/2001 s. 3(Sch. item 23.2(a)). (a) a letter of credit from a body that is permitted to use the expression "bank" under section 66 of the Banking Act 1959 of the Commonwealth; (b) certificates of title; S. 67B(1)(c) substituted by No. 11/2001 s. 3(Sch. item 23.2(b)). (c) personal guarantees; S. 67B(1)(ca) inserted by No. 11/2001 s. 3(Sch. item 23.2(b)). (ca) guarantees provided by a body that is permitted to use the expression "bank" under section 66 of the Banking Act 1959 of the Commonwealth; s. 67B (d) bonds; (e) insurance; (f) any other form of security that the Authority considers appropriate. (2) The Authority is to determine the type and extent of a financial assurance. (3) The Authority may require the financial assurance to extend to the time when it is satisfied that no clean up will be required as a result of the use of the premises or the vehicle. (4) That time may extend beyond the time that the approval, licence, notice or permit to which the financial assurance applies is in force.
70-8056a188.docx