OFFSHORE MINERALS ACT 1994 - SECT 295 External territory offshore area--how application for renewal dealt with

OFFSHORE MINERALS ACT 1994 - SECT 295

  (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   290 to 292, 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   290 to 292, the responsible Commonwealth Minister (as the Joint Authority for that offshore area) may:

  (a)   provisionally renew the licence; or

  (b)   refuse to renew the licence.

Note 1:   Under section   287, 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   300 for proper acceptance ).

Note 2:   Under section   304, new conditions may be imposed on renewal.