MINING ACT 1978 - SECT 52
MINING ACT 1978 - SECT 52
52 . Security relating to prospecting licence
(1) The applicant for
a prospecting licence shall lodge in the prescribed manner and within the
prescribed period a security, in respect of each prospecting licence to which
the application relates, for compliance with the conditions to which the
prospecting licence, if granted, will from time to time be subject and with
the provisions of this Part and the regulations.
(1a) The Minister may
require the holder of a prospecting licence to lodge, in the prescribed manner
and within such period as the Minister specifies in writing, an additional
security for compliance with conditions imposed in relation to the licence
under section 46A.
(2) A security
referred to in subsection (1) or (1a) shall be in accordance with and subject
to the provisions of section 126.
(3) A prospecting
licence shall not be granted unless a security has been lodged by the
applicant for the prospecting licence in accordance with subsection (1).
(4) Notwithstanding
section 154(1), an applicant for a prospecting licence who fails to comply
with subsection (1) does not commit an offence against this Act.
[Section 52 amended: No. 122 of 1982 s. 13; No.
100 of 1985 s. 36; No. 37 of 1993 s. 26; No. 58 of 1994 s. 11; No. 17 of 1999
s. 6(1) and (2); No. 12 of 2010 s. 19.]