OFFSHORE MINERALS ACT 1994 - SECT 135 Licence rights may be suspended
OFFSHORE MINERALS ACT 1994 - SECT 135
Licence rights may be suspended(1) The Joint Authority must suspend particular rights conferred by a retention licence if the Joint Authority is satisfied that it is necessary in the national interest to do so.
(2) The Joint Authority may suspend rights under subsection ( 1) for a specified period or for an indefinite period.
(3) The Joint Authority may end a suspension at any time.
(4) A suspension or the ending of a suspension must be in writing.
(a) suspends rights conferred by a retention licence; or
the Joint Authority must give the licence holder a written notice that informs the holder of the suspension or the ending of a suspension.
Note: See section 181 for the effect of the suspension on the obligations associated with the licence.
(6) A suspension takes effect when:
(a) the holder has been given notice of the suspension under subsection ( 5); and
(b) the suspension has been registered under section 337.