OFFSHORE MINERALS ACT 1994 - SECT 93 Effect of application for extension on term of licence

OFFSHORE MINERALS ACT 1994 - SECT 93

    If:

  (a)   an exploration licence holder applies for an extension of the licence under section   94 or 96; and

  (b)   the holder has also applied to renew the licence under section   101; and

  (c)   the extension application is not decided before the licence is due to expire;

then:

  (d)   the renewal application lapses; and

  (e)   the licence remains in force:

  (i)   until:

  (A)   if the Joint Authority extends the term of the licence under section   95 for a specified period--30 days after the day on which that period ends; or

  (B)   if the Joint Authority refuses to extend the term of the licence under section   95-- 30 days after the day on which the holder is given notice of the refusal under section   98; or

  (ii)   until a further application is made under section   101 to renew the licence;

    whichever is the later.