Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The applicant for
an exploration licence shall lodge at the office of the mining registrar
within the prescribed period, a security for compliance with the conditions to
which the exploration 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 an exploration licence to lodge at the office of the
mining registrar or the Department at Perth, within such period as the
Minister specifies in writing, an additional security for compliance with
conditions imposed in relation to the licence under section 63AA.
(2) A security
referred to in subsection (1) or (1a) shall be in accordance with and
subject to the provisions of section 126.
(3) An exploration
licence shall not be granted unless a security has been lodged by the
applicant for the exploration licence in accordance with subsection (1).
(4) Notwithstanding
section 154(1), an applicant for an exploration licence who fails to
comply with subsection (1) does not commit an offence against this Act.
[Section 60 amended by No. 100 of 1985
s. 41; No. 37 of 1993 s. 26; No. 58 of 1994 s. 16;
No. 17 of 1999 s. 7(1) and (2).]