Commonwealth Consolidated Acts

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OFFSHORE MINERALS ACT 1994 - SECT 246

Applicant must be notified

  (1)   The Designated Authority must give the applicant written notice of the Joint Authority's decision under section   242 or 243.

  (2)   If the Joint Authority provisionally renews the licence under section   242 or 243, the notice must contain the following information:

  (a)   notification of the term of the renewal;

  (b)   notification of the conditions of the renewed licence;

  (c)   notification of any determination under section   399 that the applicant must lodge a security or a further security;

  (d)   notification that the provisional renewal will lapse unless the applicant, before the end of the primary payment period:

  (i)   gives the Designated Authority a written acceptance of the renewal; and

  (ii)   lodges any security required by the Joint Authority under section   399; and

  (iii)   pays the fees that must be paid for the renewal under the Mining Licence Fees Act.

Note:   Section   254 provides for renewals to be granted subject to conditions.

  (3)   The term specified under paragraph   (2)(a) is not to be more than 21 years.



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