OFFSHORE MINERALS ACT 1994 - SECT 336 Expiry of licences

OFFSHORE MINERALS ACT 1994 - SECT 336

  (1)   If a licence expires because:

  (a)   its term ends; or

  (b)   a retention licence or mining licence is granted to the licence holder;

the Designated Authority must register the expiry of the licence.

Note:   Cancellation is dealt with under section   337.

  (2)   If the Designated Authority registers the expiry of a licence under subsection   ( 1):

  (a)   the licence holder must give the licence to the Designated Authority; and

  (b)   the Designated Authority must endorse the expiry and the date of the expiry on the licence.