• Specific Year
    Any

OFFSHORE MINERALS ACT 1994 - SECT 182 Significant changes in circumstances to be reported to Designated Authority

OFFSHORE MINERALS ACT 1994 - SECT 182

Significant changes in circumstances to be reported to Designated Authority

  (1)   A retention licence holder must notify the Designated Authority of any change of circumstances that significantly affects the long term viability of mining activities in the retention licence area.

Note:   The Joint Authority may cancel the retention licence if it believes that circumstances have changed so that mining activities can now commence (see section   190).

  (2)   Subsection   ( 1) applies to a change of circumstances whether favourable or unfavourable to the long term viability of mining activities in the retention licence area.