Pro Forma Bond Documents
An Unconditional Bond is a contract between the Hon Minister for State Development and a third party of financial standing acceptable to the Minister, providing for the third party to unconditionally pay the agreed sum to the Minister on his request following the failure of the tenement holder to meet the previously agreed environmental commitments.
No mining operation will be given the State Mining Engineer's approval to commence or expand until a satisfactory Bond has been lodged with the department. The Bond must be in the form of a guarantee by a bank or other approved financial institution and showing the name/s of the lessee/licensee.
Page Index
Mining Act 1978 Pro Forma Bond Documents
Pro Forma Bond Document B (Word format, 67kb. Opens in new window) For use in respect to a granted mining lease or general purpose lease where a Notice of Intent has been lodged after the grant of the lease. Pro Forma Bond Document D (Word format, 64kb. Opens in new window) For use in respect to a granted mining lease or general purpose lease situated on Reserved Land where consent to mine has been given subject to a bond. Pro Forma Bond Document E (Word format, 67kb. Opens in new window) For use in respect to Licence to Treat Tailings where further conditions are imposed in which a bond is required for protection of the land. Pro Forma Bond Document G (Word format, 66kb. Opens in new window) For use in respect to a granted exploration licence, prospecting licence or miscellaneous licence where a Notice of Intent has been lodged after the grant of the licence. Pro Forma Bond Document I (Word format, 67kb. Opens in new window) For use in respect to a granted exploration licence, prospecting licence or miscellaneous licence situated on Reserved Land where consent to mine has been given subject to a bond.
