Environmental rehabilitation security bond

When you have finished conducting your petroleum activities, the site needs to be rehabilitated in line with your environmental management plan.

You're required to provide a rehabilitation security bond as a condition of approval for any petroleum activity.

Your bond will not be released unless you meet all the requirements to rehabilitate the site where the activity was conducted.

Your rehabilitation security bond allows for the total estimated cost for remediation of disturbances.

For more information, email the Department of Environment, Parks and Water Security at onshoregas.denr@nt.gov.au.

You must pay the security bond before any petroleum activity starts.

You can pay using one of the following methods:

cash
credit card (Visa or Mastercard)
direct debit - call the Department of Industry, Tourism and Trade on 08 8999 5263 for account details
cheque or money order made payable to the Receiver of Territory Monies.

An invoice will be raised on request.

If you submit a bank guarantee for a security bond, it must:

be made by an authorised bank under the Banking Act 1959 - for more information, go to the Department of Treasury and Finance website
be in favour of the Northern Territory of Australia
be unconditional, irrevocable, payable on demand and have no expiry date
include the name of the operator
include the relevant petroleum title
include the reason for the security
include the dollar amount of security.

You should email the draft bank guarantee for review to energytitles.ditt@nt.gov.au before submitting it to the department.

Bank guarantees, money orders and cheques can be sent by mail to:

Department of Industry, Tourism and Trade
GPO Box 455
Darwin NT 0801

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