Section 75
Deposit to secure payment
Before any licence, minor licence or use permit is issued, the applicant shall deposit such sum of money as may be determined by the authority issuing the same as security for the due observance of the provisions of the licence, minor licence or use permit, as the case may be, and for the payment of any or all sums payable to the State Authority.
ACT 313 46
(2)
Such authority may require the deposit to be in any of the following forms:
(a)
cash;
(b)
valid written guarantee of a licensed commercial bank;
(c)
a combination of (a) and (b).
(3)
The Director may, whenever he considers it necessary to do so, require the licensee or the holder of the use permit or minor licence, as the case may be, to forthwith deposit an additional sum of money, or provide a new deposit to replace the deposit previously made.