Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 89

             (1)  A renewal of an exploration licence comes into force on:

                     (a)  the day on which the renewal is registered; or

                     (b)  the day on which the previous term of the licence expires;

whichever is the later.

Note:          See Division 6 for renewal.

             (2)  The term of a renewal of a licence ends 2 years after the day on which the previous term of the licence expires.

Note:          The licence may be surrendered at any time (see section 127).

             (3)  Ignore section 90 in working out the period of 2 years referred to in subsection (2).

             (4)  An exploration licence is not to be renewed more than 3 times.