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National Environmental Management Act, 1998 (Act No. 107 of 1998)

Regulations

Financial Provisioning Regulations, 2015

Chapter 2 : Financial Provision

15. Timeframes for acknowledgement and consideration of plans and reports related to financial provision

 

(1) The Minister responsible for mineral resources must—
(a) acknowledge receipt of all plans, reports and findings of reviews and assessments submitted in terms of these Regulations within 10 days of receipt thereof; and
(b) assess any plans, reports and findings of determinations, reviews and assessments of a financial provision submitted in terms of these Regulations, and must approve or reject such a plan, report or financial provision within 60 days of receipt thereof.

 

(2) Where a plan, report or financial provision is rejected, the Minister responsible for mineral resources must act in accordance with regulation 14(2) and must provide reasons for the rejection and indicate a timeframe not exceeding 45 days within which a revised plan, environmental risk assessment report, audit report or financial provision must be resubmitted for approval.

 

(3) Upon receipt of a revised plan or report or adjusted findings of a review and assessment of a financial provision, the Minister responsible for mineral resources must reconsider such revised plan, report or adjusted findings in accordance with sub-regulation (1)(b).