The proposed final Regulations set out the activities which may require a financial assurance. A financial assurance is a sum of money, like a security deposit. These include:
- reportable priority waste management
- large, licensed landfills
- licence and permit tier waste and resource recovery activities
- bulk-storage facilities
- on-site retention of contaminated soil.
The Regulations also allow additional risk assessment criteria to determine if an activity needs a financial assurance.. This works on a case-by-case basis.
An activity may also need a financial assurance as a condition of a notice and some orders. This includes a site management order or an environmentally hazardous substance order.
Read more about the proposed final Regulations
Reviewed 21 December 2020