Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if, under the Mineral Resources Act, the holder of an environmental authority (mining activities) (the old authority) seeks a conditional surrender (the tenement surrender) of all or part of a relevant mining tenement for the environmental authority.
(2) The holder may apply for—
(a) approval to surrender the part of the old authority that relates to the tenement surrender; and
(b) the issuing of another environmental authority (mining activities) (the new authority) that relates to land the subject of the tenement surrender; and
(c) any amendment of the old authority needed to reflect the partial surrender and the issuing of the new authority.
(3) The application must—
(a) state the extent of mining activities carried out on the land the subject of the tenement surrender; and
(b) propose—
(i) the amount of financial assurance for the new authority, verified by an audit statement; and
(ii) any amendment of the old authority sought under subsection (2)(c); and
(iii) the conditions of the new authority.
(4) If the administering authority grants the application it may take the steps mentioned in subsection (2) without the applicant having made a surrender application for the old authority or an environmental authority application for the new authority.
(5) For applying section 303(3)(a) in relation to the new authority, the new mining tenement is a relevant mining tenement.
(6) The audit statement must—
(a) be made by or for the applicant; and
(b) state whether or not the proposed amount of financial assurance for the environmental authority has been worked out in the way decided by the administering authority, under section 364(3).