New South Wales Consolidated Acts

OFFSHORE MINERALS ACT 1999 - SECT 40

40 Steps involved in the grant of a fully effective licence

(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 Minister a written acceptance,

(b) lodge any security that the Minister has required,

(c) pay the fee that is payable under section 425.

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 Minister a written acceptance of the renewal,

(b) lodge any security that the Minister has required,

(c) pay the fee that is payable under section 425.

Note: See sections 114, 173, 250 and 300.