Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Joint Authority must suspend particular rights conferred by an exploration licence if the Joint Authority is satisfied that it is necessary in the national interest to do so.
(2) The Joint Authority may suspend rights under subsection (1) for a specified period or for an indefinite period.
(3) The Joint Authority may end a suspension at any time.
(4) A suspension or the ending of a suspension must be in writing.
(5) If the Joint Authority:
(a) suspends rights conferred by an exploration licence; or
(b) ends a suspension;
the Joint Authority must give the licence holder a written notice that informs the holder of the suspension or the ending of the suspension.
Note: See section 122 for the effect of the suspension on the obligations associated with the licence.
(6) A suspension takes effect when:
(a) the holder has been given notice of the suspension under subsection (5); and
(b) the suspension has been registered under section 337.