OFFSHORE MINERALS ACT 1994 - SECT 235 Voluntary surrender of blocks if discrete area remains

OFFSHORE MINERALS ACT 1994 - SECT 235

  (1)   A mining licence holder may surrender a block or some of the blocks covered by the licence if the remaining blocks in the licence area form a discrete area.

Note:   See section   264 for the surrender of the whole licence.

  (2)   A surrender under subsection   ( 1) must:

  (a)   be made in writing; and

  (b)   identify the blocks surrendered; and

  (c)   be given to the Designated Authority.

Note:   The surrender takes effect when it is registered under section   337 (see subsection   337(5)).