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OFFSHORE MINERALS ACT 1994 - SECT 97 Grant of licence extension--other circumstances

OFFSHORE MINERALS ACT 1994 - SECT 97

Grant of licence extension--other circumstances

  (1)   Subject to subsection   ( 2), if an exploration licence holder applies for an extension under section   96, the Joint Authority:

  (a)   may grant an extension of the licence; or

  (b)   may refuse to grant an extension of the licence.

  (2)   The extension must not be for a period that is longer than the period of the suspension or exemption.

  (3)   The extension may be granted subject to whatever conditions the Joint Authority thinks appropriate.