Commonwealth Consolidated Acts

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OFFSHORE MINERALS ACT 1994 - SECT 47

Joint Authority may cancel or not renew exploration licence without compensation

                   No compensation is payable because of the cancellation or non‑renewal of an exploration licence by the Joint Authority.

Note 1:       The Joint Authority may cancel the licence under section 130.

Note 2:       The Joint Authority may refuse under section 108 or 109 to renew the licence.


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