Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 120

  (1)   If:

  (a)   an exploration licence holder requests the Designated Authority in writing to vary a licence condition; or

  (b)   an exploration licence continues in force because of section   93; or

  (c)   an extension of an exploration licence is granted under section   95; or

  (d)   part of the licence area of an exploration licence is surrendered under section   99 or 100;

the Joint Authority may vary a licence condition.

  (2)   If a Designated Authority gives:

  (a)   a direction under section   387; or

  (b)   an approval, consent or exemption under the regulations;

to an exploration licence holder, the Joint Authority may vary a licence condition to the extent necessary to avoid inconsistency between the licence conditions and the direction, approval, consent or exemption.

  (3)   The Joint Authority may vary a licence condition subject to whatever conditions the Joint Authority thinks appropriate.

  (4)   If the Joint Authority varies a licence condition, the Designated Authority must give the licence holder a written notice that:

  (a)   informs the holder of the variation; and

  (b)   specifies the conditions which have been varied; and

  (c)   specifies any conditions to which the variation is subject.