Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A retention licence holder must notify the Designated Authority of any change of circumstances that significantly affects the long term viability of mining activities in the retention licence area.
Note: The Joint Authority may cancel the retention licence if it believes that circumstances have changed so that mining activities can now commence (see section 190).
(2) Subsection (1) applies to a change of circumstances whether favourable or unfavourable to the long term viability of mining activities in the retention licence area.