Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A renewal of an exploration licence comes into force on:
(a) the day on which the renewal is registered; or
(b) the day on which the previous term of the licence expires;
whichever is the later.
Note: See Division 6 for renewal.
(2) The term of a renewal of a licence ends 2 years after the day on which the previous term of the licence expires.
Note: The licence may be surrendered at any time (see section 127).
(3) Ignore section 90 in working out the period of 2 years referred to in subsection (2).
(4) An exploration licence is not to be renewed more than 3 times.