Queensland Consolidated Acts Queensland Consolidated Acts(1) The Minister may decide that a person who has been provisionally granted a tenure must lodge a security with the Minister.
Note 1—
The provisional holder will be given notice of the decision under section 66 or 83, 147, 210 or 227 or 279.
Note 2—
If the provisional holder does not lodge the security within a particular time provided for in this Act, the provisional grant will lapse (see section 72 or 86, 153, 216 or 230 or 285).
(2) If the Minister provisionally renews a tenure, the Minister may decide that the tenure holder must lodge a security with the Minister.
Note 1—
The tenure holder will be given notice of the decision under section 110, 169, 246 or 296.
Note 2—
If the holder does not lodge the security within a particular time provided for in this Act, the provisional renewal will lapse (see section 116, 175, 252 or 302).
(3) A decision under subsection (1) or (2) must specify—
(a) the amount of the security required; and
(b) the kind of security required; and
(c) the way and the form in which the security is to be lodged.
(4) Without limiting subsections (1) and (2), a decision may require the lodgment of a security in the form of a guarantee and, if a guarantee is required, the decision may specify—
(a) the kind of person who is to give the guarantee; and
(b) the terms of the guarantee.
(5) The decision must be in writing.
(6) If a person is provisionally granted a tenure over a tender sub-block, the amount decided as a security under subsection (1) must be the amount of security referred to in the tender sub-block tenure notice.
Note—
For the contents of a tender sub-block tenure notice see sections 75 and 219.