OFFSHORE MINERALS ACT 1994 - SECT 169 Applicant must be notified

OFFSHORE MINERALS ACT 1994 - SECT 169

  (1)   The Designated Authority must give the applicant written notice of the Joint Authority's decision under section   165 or 166.

  (2)   If the Joint Authority provisionally renews the licence under section   165 or 166, the notice must contain the following information:

  (a)   notification of the term of the renewal;

  (b)   notification of the conditions of the renewed licence;

  (c)   notification of any determination under section   399 that the applicant must lodge a security or a further security;

  (d)   notification that the provisional renewal will lapse unless the applicant, before the end of the primary payment period:

  (i)   gives the Designated Authority a written acceptance of the renewal; and

  (ii)   lodges any security required by the Joint Authority under section   399; and

  (iii)   pays the fees that must be paid under the Retention Licence Fees Act.

Note:   Paragraph   ( b): section   177 provides for renewals to be granted to conditions.

  (3)   The term specified under paragraph   ( 2)(a) is not to be more than 5 years.