Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The licence must specify:
(a) the blocks covered by the licence; and
(b) the term of the licence; and
(c) the licence conditions.
(2) The term specified under paragraph (1)(b) is not to exceed 5 years.
(3) The licence may specify the activities that may be carried out under the licence.
(4) If the licence includes a specification under subsection (3), the licence authorises only the specified activities.