MINING AMENDMENT ACT 2012 (NO. 51 OF 2012) - SECT 20

MINING AMENDMENT ACT 2012 (NO. 51 OF 2012) - SECT 20

20 .         Section 65 amended

        (1)         In section 65(1) delete the definition of end day and insert:

        end day , in relation to an exploration licence, means —

            (a)         the day (the anniversary day ) that is 6 years after the day on which the licence was granted; or

            (b)         if, on the anniversary day, an application for retention status under section 69A in respect of the whole or part of the land the subject of the licence has been made but not determined, the day on which that application is determined;

        (2)         In section 65(1) in the definition of surrender day delete paragraph (b).

        (3)         In section 65(3):

            (a)         delete “Subject to subsection (3a), on” and insert:

                On

            (b)         delete “one block shall” and insert:

                10 blocks must

        (4)         Delete section 65(3a), (3b), (3c), (3d) and (4) and insert:

        (3A)         Subsection (3) does not apply to the holder of an exploration licence for which retention status has been approved under section 69B(1).

        (4)         If the holder of an exploration licence fails to lodge a surrender in accordance with subsection (3), the Minister must, by notice in writing, require the holder to lodge the surrender for registration within a period specified in the notice.

        (5)         In section 65(4b) delete “3 discrete” and insert:

                6 discrete