OFFSHORE MINERALS ACT 1994 - SECT 47 Joint Authority may cancel or not renew exploration licence without compensation

OFFSHORE MINERALS ACT 1994 - SECT 47

    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.