Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.
(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.