sec.616HRequirement to apply for new authority or amend etc. transitional authority (SAA)

### sec.616H Requirement to apply for new authority or amend etc. transitional authority (SAA) The holder of a transitional authority (SAA) must, within 3 years after the commencement, apply under the current Act for— an environmental authority (mining activities) for a level 1 mining project; or an amendment of the transitional authority (SAA) for converting it to an environmental authority (mining activities) for a level 1 mining project; or the surrender of the transitional authority (SAA); or the transfer of the transitional authority (SAA) to an entity other than a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act . If subsection (1) is not complied with, the transitional authority (SAA) ends. See section 616M. To remove any doubt, it is declared that the transfer of a transitional authority (SAA) to a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act does not constitute compliance with the obligation under subsection (1). s 616H ins 2008 No. 37 s 9 amd 2010 No. 52 s 20 (sec.616H-ssec.1) The holder of a transitional authority (SAA) must, within 3 years after the commencement, apply under the current Act for— an environmental authority (mining activities) for a level 1 mining project; or an amendment of the transitional authority (SAA) for converting it to an environmental authority (mining activities) for a level 1 mining project; or the surrender of the transitional authority (SAA); or the transfer of the transitional authority (SAA) to an entity other than a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act . If subsection (1) is not complied with, the transitional authority (SAA) ends. See section 616M. (sec.616H-ssec.2) To remove any doubt, it is declared that the transfer of a transitional authority (SAA) to a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act does not constitute compliance with the obligation under subsection (1). - (a) an environmental authority (mining activities) for a level 1 mining project; or - (b) an amendment of the transitional authority (SAA) for converting it to an environmental authority (mining activities) for a level 1 mining project; or - (c) the surrender of the transitional authority (SAA); or - (d) the transfer of the transitional authority (SAA) to an entity other than a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act .