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(f) the application for renewal is withdrawn or refused.