99. Securities for payment of duty and compliance with this Act

The Director‑General has the right to require and take securities for payment of duty and generally for compliance with this Act and for the protection of the revenue.

Pending the giving of the required security, a proper officer of customs may refuse to do any act in the execution of his or her office in relation to any matter in respect of which the security is required.

The security must be given in the manner and form approved by the Director‑General and may, subject to that approval, be by bond, guarantee, cash deposit or any other method or by the combination of 2 or more such methods.

Any such security may be given in relation to any particular transaction or generally with respect to any class of transactions or to all transactions and for such period and amount as the Director‑General thinks fit and under such conditions as to forfeiture, penalty or otherwise as the Director‑General may determine.

If at any time the Director‑General is not satisfied with the sufficiency of any security, the Director‑General may require a new security in substitution for or in addition to the security which has been given.