305Duration of deemed mining licence

305 Duration of deemed mining licence (1) Subject to this section, a deemed mining licence has effect for a period of 4 years from the commencement. (2) A deemed mining licence ceases to have effect before the end of the 4 year period if: (a) it is cancelled or revoked; or (b) a replacement environmental (mining) licence is granted. (3) If an application for a replacement environmental (mining) licence is made under this Division before the end of the 4 year period, the deemed mining licence continues to have effect until the replacement environmental (mining) licence is granted. (4) If the Minister commences a process under section 312(3) before the end of the 4 year period for the grant of a replacement environmental (mining) licence, the deemed mining licence continues to have effect until the replacement environmental (mining) licence is granted.