Queensland Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
ENVIRONMENTAL PROTECTION ACT 1994 - SECT 633
Effect of financial assurance on the security
633 Effect of financial assurance on the security
(1) A condition about financial assurance imposed under this part only affects
a security to the extent provided under this part.
(2) Without limiting
subsection (1), section 632 does not affect or change— (a) the security
mentioned in section 632(1) as a security under the Petroleum Act 1923 or the
Petroleum and Gas (Production and Safety) Act 2004; or
(b) the matters for
which the security was given under that Act; or
(c) the enforcement of the
security under that Act.
(3) Section 632, or any thing done under it, does
not— (a) discharge a security; or
(b) discharge or release a surety or
other obligee, wholly or partly, from an obligation; or
(c) fulfil a
condition allowing a person to terminate an instrument or be released, wholly
or partly, from an obligation or modify the operation or effect of an
instrument or obligation.
(4) If the advice or consent of, or giving notice
to, a person would be necessary to give effect to the giving of the financial
assurance— (a) the advice is taken to have been obtained; and
(b) the
consent or notice is taken to have been given.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback