Debt Collectors Act, 1998
R 385
National Nuclear Regulator Act, 1999 (Act No. 47 of 1999)Chapter 3 : Authorisations26A. Financial responsibilities of applicants for and holders of authorisations |
| (1) | An applicant for, or an authorisation holder for construction, operation of a nuclear facility or undertaking an activity shall ensure that adequate financial resources will be available, and shall provide such financial resources, when needed to cover costs associated with safe rehabilitation, or decommissioning, including the management of resulting waste. |
| (2) | The financial resources to be made available for rehabilitation, or decommissioning activities shall be— |
| (a) | commensurate with an activity or facility specific cost estimate; |
| (b) | changed if the cost estimate increases or decreases; and |
| (c) | reviewed as part of the periodic review of the rehabilitation, or decommissioning plan. |
| (3) | For existing activities and facilities for which financial resources for rehabilitation, or decommissioning are not available, provisions for adequate financial resources shall be required within a set time frame as may be determined by the Regulator or prior to authorisation renewal or extension, whichever is applicable. |
[Section 26A inserted by section 23 of the National Nuclear Regulator Amendment Act, 26 of 2024, Notice No. 5723, GG51804, dated 20 December 2024 - effective 4 June 2025 per Proclamation Notice 266 of 4 June 2025]
