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.