MINERAL RESOURCES DEVELOPMENT ACT 1995 - SECT 198 Forfeiture of security deposit
MINERAL RESOURCES DEVELOPMENT ACT 1995 - SECT 198
Forfeiture of security deposit
A licensee or lessee may forfeit any security deposit or part of a security deposit (a) if the licensee or lessee fails to comply with a condition of the licence or lease; or(ab) if the licensee or lessee fails to provide an annual report or final report within the required period; or(b) if the Minister revokes the licence or lease; or(c) for any other reason the Minister determines.