Queensland Consolidated Acts

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OFFSHORE MINERALS ACT 1998 - SECT 99

99 Voluntary surrender of sub-blocks if discrete area remains

(1) An exploration permit holder may surrender a sub-block or some of the sub-blocks covered by the tenure if the remaining sub-blocks in the tenure area form a discrete area.

(2) A surrender under subsection (1) must—

(a) be made in writing; and
(b) identify the sub-blocks surrendered; and
(c) be given to the Minister.
Note—
The surrender takes effect when it is registered under section 337 (see section 337(5)).


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