OFFSHORE MINERALS ACT 1994 - SECT 228 Acceptance of grant of mining licence over tender blocks

OFFSHORE MINERALS ACT 1994 - SECT 228

    The provisional grant of a mining licence is properly accepted by the provisional holder if, within 30 days after the day on which the provisional holder is given notice under section   227, the provisional holder:

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

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

  (c)   pays the fees that must be paid for the licence under the Mining Licence Fees Act; and

  (d)   if the tender is determined on the basis of the amounts of money offered for the licence--pays the Commonwealth the amount that the provisional holder offered for the licence under subsection   221(3).

Note:   Under section   232, the grant of the licence cannot be effective before it is registered (see section   333 for registration).