Financial Assurance – Site Contamination Clean Up – New Methodology
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Financial assurance (FA) is a well recognized regulatory mechanism designed to ensure site remediation or clean-up costs are adequately performed by duty holders under the Environment Protection Act 2017 (Vic) (Act). Introduced under the Environment Protection (Amendment) Act 1988 (Vic), FA is not a new regulatory tool. If adequately designed, FA serves a function in…