OFFSHORE MINERALS ACT 1994 - SECT 233 Term of renewal of licence

OFFSHORE MINERALS ACT 1994 - SECT 233

  (1)   A renewal of a mining licence comes into force on:

  (a)   the day on which the renewal is registered; or

  (b)   the day on which the previous term of the licence expires;

whichever is the later.

Note:   See Division   6 for renewal.

  (2)   The term of a renewal of a licence ends at the end of the period specified in the notice under section   246.

Note 1:   For the maximum term of renewal see subsection   246(3).

Note 2:   The licence may be surrendered at any time (see section   264).

  (3)   The period runs from the day on which the previous term of the licence expires.

  (4)   Ignore section   234 in working out the period referred to in subsection   ( 3).