Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

OFFSHORE MINERALS ACT 1994 - SECT 131

Obligations of former exploration licence holders and former associates

  (1)   Subject to subsection   (4), if:

  (a)   a person was:

  (i)   an exploration licence holder; or

  (ii)   an associate of an exploration licence holder; and

  (b)   the licence:

  (i)   expires; or

  (ii)   is cancelled; or

  (iii)   is surrendered; and

  (c)   an obligation associated with the licence arising out of:

  (i)   a licence condition; or

  (ii)   a direction given under section   387; or

  (iii)   this Act or the regulations;

    has not been discharged; and

  (d)   the person was bound by that obligation when the person was the licence holder or an associate;

the person remains bound by the obligation until the obligation is discharged.

  (2)   Subsection   (1) does not continue an obligation to carry out exploration or recovery activities.

  (3)   Subsection   (1) continues an obligation that a person had to carry out exploration or recovery activities in a particular manner if the person carries them out.

  (4)   The Joint Authority may determine that the person is not subject to:

  (a)   a particular obligation under this section; or

  (b)   all the person's remaining obligations under this section.

  (5)   A determination under subsection   (4) is to be in writing.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback