Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 8

  (1)   If:

  (a)   a mining licence takes effect immediately after an exploration licence expires; and

  (b)   the holder of the mining licence immediately after it takes effect was the holder of the exploration licence immediately before it expired;

the mining licence is a successor licence to the exploration licence.

  (2)   If:

  (a)   a retention licence takes effect immediately after an exploration licence expires; and

  (b)   the holder of the retention licence immediately after it takes effect was the holder of the exploration licence immediately before it expired;

the retention licence is a successor licence to the exploration licence.

  (3)   If:

  (a)   a mining licence takes effect immediately after a retention licence expires; and

  (b)   the retention licence took effect immediately after an exploration licence expired; and

  (c)   the holder of the mining licence immediately after it takes effect was the holder of the retention licence immediately before it expired; and

  (d)   the holder of the retention licence immediately after it took effect was the holder of the exploration licence immediately before it expired;

the mining licence is a successor licence to the exploration licence and the retention licence.