OFFSHORE MINERALS ACT 1994 - SECT 157 Effect of application for mining licence on term of retention licence
OFFSHORE MINERALS ACT 1994 - SECT 157
Effect of application for mining licence on term of retention licence(a) a retention licence holder applies for a mining licence over the licence area, or part of the licence area, of the retention licence; and
(b) the current term of the retention licence expires; and
(c) a grant of the mining licence does not take effect before the current term of the retention licence expires;
the retention licence remains in force until:
(d) the grant of the mining licence takes effect; or
(e) a provisional grant of the mining licence lapses; or
(f) the application for the mining licence is withdrawn or
refused.