Commonwealth Consolidated Acts

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OFFSHORE MINERALS ACT 1994 - SECT 188

Automatic expiry of retention licence when mining licence takes effect

    If:

  (a)   a retention licence is in force under this Act; and

  (b)   the Joint Authority provisionally grants a mining licence over all or some of the blocks in the retention licence area; and

  (c)   the provisional grant of the mining licence is properly accepted; and

  (d)   the grant of the mining licence comes into force;

the retention licence expires in relation to the blocks covered by the mining licence.



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