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OFFSHORE MINERALS ACT 1994 - SECT 286 Initial term of works licence

OFFSHORE MINERALS ACT 1994 - SECT 286

Initial term of works licence

  (1)   A works licence comes into force on:

  (a)   the day on which the grant of the licence is registered; or

  (b)   if a day later than the day on which the grant of the licence is registered is specified in the licence as its commencement day--that specified day.

  (2)   The initial term of a works licence expires at the end of the period specified in the licence under subsection   278(1).

Note 1:   For the maximum initial term see subsection   278(2).

Note 2:   The licence may be surrendered at any time (see section   312).

  (3)   The period is to run from:

  (a)   the day on which the licence is provisionally granted; or

  (b)   if a day later than the day on which the licence is provisionally granted is specified in the licence as the licence's commencement day--that specified day.