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OFFSHORE MINERALS ACT 1994 - SECT 243 External territory offshore area--how application for renewal dealt with

OFFSHORE MINERALS ACT 1994 - SECT 243

External territory offshore area--how application for renewal dealt with

  (1)   This section applies if the renewal application covers blocks in an external territory offshore area.

  (2)   If the applicant does not do what is required by sections   237 to 240, the responsible Commonwealth Minister (as the Joint Authority for the offshore area) must refuse to renew the licence.

  (3)   If the applicant does what is required by sections   237 to 240, the responsible Commonwealth Minister (as the Joint Authority for that offshore area) may:

  (a)   provisionally renew the licence; or

  (b)   subject to section   245, refuse to renew the licence.

Note 1:   Under section   233, the renewal of the licence cannot be effective before it is registered (see section   334 for registration). The renewal will not be registered until it has been properly accepted (see section   250 for proper acceptance ).

Note 2:   Under section   254, new conditions may be imposed on renewal.