(1) A permit issued to a person under section 102 may be subject to a condition that a security be given by the person to ensure—
(a) the satisfactory completion of the works or activities; or
(b) compliance with another condition imposed on the permit.
(2) In determining the form and content of a security required under subsection (1), the Executive Director must have regard to—
(a) in the case of a security for the purposes of subsection (1)(a), the nature and extent of the works or activities described in the permit; or
(b) in the case of a security for the purposes of subsection (1)(b), the nature of the condition to be complied with.
(3) The Heritage Council must return a security to a person if—
(a) in the case of a security for the purposes of subsection (1)(a), the works or activities described in the permit are completed; or
(b) in the case of a security for the purposes of subsection (1)(b), the condition is complied with.