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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.

  (5)   If the Joint Authority:

  (a)   suspends rights conferred by a retention licence; or

  (b)   ends a suspension;

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.