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OFFSHORE MINERALS ACT 1994 - SECT 156 Effect of application for renewal on term of retention licence

OFFSHORE MINERALS ACT 1994 - SECT 156

Effect of application for renewal on term of retention licence

    If:

  (a)   a retention licence holder applies to renew the licence under section   159; and

  (b)   the current term of the licence expires; and

  (c)   a renewal of the licence does not take effect immediately after the current term expires;

the licence remains in force after the current term expires until:

  (d)   a renewal of the licence takes effect; or

  (e)   a provisional renewal of the licence lapses; or

  (f)   the application for renewal is withdrawn or refused.