Queensland Consolidated Acts

OFFSHORE MINERALS ACT 1998 - SECT 40

(1) The following 3 steps must happen before a tenure comes into force—

(a) provisional grant of the tenure;

(b) proper acceptance of the grant;

(c) registration of the grant.

Note—

See sections 88, 154, 232 and 286.

(2) If a tenure is provisionally granted to a person, the person must do the following to properly accept the grant—

(a) give the Minister a written acceptance;

(b) lodge any security that the Minister has required;

(c) pay the fee that is payable under section 425.

Note—

See sections 70, 84, 151, 214, 228 and 283.

(3) The following 3 steps must occur before a renewal of a tenure comes into force—

(a) provisional renewal of the tenure;

(b) proper acceptance of the renewal;

(c) registration of the renewal.

Note—

See sections 89, 155, 233 and 287.

(4) If a tenure is provisionally renewed, the holder must do the following to properly accept the renewal—

(a) give the Minister a written acceptance of the renewal;

(b) lodge any security that the Minister has required;

(c) pay the fee that is payable under section 425.

Note—

See sections 114, 173, 250 and 300.