Clause 14

The Board may require any person who is licensed or applies for a licence to carry on the business of a travel agent to pay to the Compensation Fund such amounts as the Committee may from time to time determine and to furnish such security as the Board may require for the payment of any further amounts as the Board may require in the future.

Any security required shall be given in the manner and form approved by the Board and may, subject to that approval, be by bond, guarantee or any other method.