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.