If the Designated Authority for a Commonwealth - State offshore area refers the renewal application to the Joint Authority under section 241, the Joint Authority may:
(a) provisionally renew the licence; or
(b) subject to section 245, refuse to renew the licence.
Note 1: Under section 233, the renewal of the licence cannot be effective before it is registered (see section 334 for registration). The renewal will not be registered until it has been properly accepted (see section 250 for proper acceptance ).
Note 2: Under section 254, new conditions may be imposed on renewal.