Commonwealth Numbered Acts

OFFSHORE MINERALS ACT 1994 No. 28, 1994 - SECT 40

40.(1) The following 3 steps must occur before a licence comes into force:

   (a)  provisional grant of the licence;

   (b)  proper acceptance of the grant;

   (c)  registration of the grant. Note: See sections 88, 154, 232 and 286.

(2) If a licence is provisionally granted to a person, the person must do the
following to properly accept the grant:

   (a)  give the Designated Authority a written acceptance;

   (b)  lodge any security that the Joint Authority has required;

   (c)  pay the fees that are payable under the Fees Act. Note: See sections
        70, 84, 151, 214, 228 and 283.

(3) The following 3 steps must occur before a renewal of a licence comes into
force:

   (a)  provisional renewal of the licence;

   (b)  proper acceptance of the renewal;

   (c)  registration of the renewal. Note: See sections 89, 155, 233 and 287.

(4) If a licence is provisionally renewed, the holder must do the following to
properly accept the renewal:

   (a)  give the Designated Authority a written acceptance of the renewal;

   (b)  lodge any security that the Joint Authority has required;

   (c)  pay the fees that are payable under the Fees Act. Note: See sections
        114, 173, 250 and 300.