Queensland Consolidated Acts Queensland Consolidated Acts(1) In addition to the requirement under section 139 to reduce the area of an exploration permit, the holder of the permit may, at any time during its term, make a submission to the chief executive—
(a) voluntarily reducing the area of land to which the permit applies; and
(b) identifying the sub-blocks of land to which the holder no longer wants the permit to apply.
(2) The area remaining after the reduction must consist of whole sub-blocks.
(3) The Minister may approve the reduction, with or without conditions, or refuse the reduction.
(4) If the Minister approves the reduction, the Minister must give the holder a written notice stating—
(a) the reduction is approved; and
(b) the date of the approval; and
(c) if the Minister decides to approve the reduction on conditions—the conditions and reasons for the decision.
(5) If the Minister refuses the reduction, the Minister must give the holder a written notice stating the reasons for the decision.
(6) The reduction takes effect on the date it is approved.
(7) Compensation is not payable for the reduction.
(8) The chief executive must, within 5 business days after the reduction takes effect, give the EPA administering authority written notice of the reduction.