This legislation has been repealed.
(1) This section applies where security is taken by the Minister under section 52 or 52A.
(2) The security must be in a form acceptable to the Minister.
(3) The amount available under the security must be applied only as follows:(a) in payment of any costs or expenses that have been ordered to be paid by the master or owner in the course of proceedings for an offence in respect of the discharge or that are recoverable under this Part against the master or owner as a debt due,(b) in payment of any penalty imposed by a court in the course of proceedings for an offence in respect of the discharge.