Timber Regulations, 1993
Version of section 15 from 2006-03-22 to 2017-04-12:
15 (1) Subject to subsection (2), every operator shall provide a security deposit to the Minister with each tender to ensure due performance of the agreement by the operator.
(2) The amount of the security deposit referred to in subsection (1) shall be not less than 10 per cent of the tender price.
(3) The Minister shall apply the security deposit provided pursuant to subsection (1) to the tender price of the agreement.
- Date modified: