sec.616MEnd of transitional authority (SAA)

### sec.616M End of transitional authority (SAA) A transitional authority (SAA) ends if— the holder of the authority does not comply with section 616H(1); or the authority is amended under subdivision 6 and the amended authority has taken effect under the current Act; or the authority is transferred under chapter 5, part 9 and the transfer has taken effect under the current Act; or the surrender of the authority is approved under the current Act; or an environmental authority (mining activities) for the SAA mining activity the subject of the transitional authority (SAA) is issued and has taken effect under the current Act. However, despite subsection (1)(c), if a transitional authority (SAA) is transferred under chapter 5, part 9 to a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act , the authority does not end. To remove any doubt, it is declared that subsection (1) does not limit chapter 5, part 12. s 616M ins 2008 No. 37 s 9 amd 2010 No. 52 s 21 (sec.616M-ssec.1) A transitional authority (SAA) ends if— the holder of the authority does not comply with section 616H(1); or the authority is amended under subdivision 6 and the amended authority has taken effect under the current Act; or the authority is transferred under chapter 5, part 9 and the transfer has taken effect under the current Act; or the surrender of the authority is approved under the current Act; or an environmental authority (mining activities) for the SAA mining activity the subject of the transitional authority (SAA) is issued and has taken effect under the current Act. (sec.616M-ssec.2) However, despite subsection (1)(c), if a transitional authority (SAA) is transferred under chapter 5, part 9 to a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act , the authority does not end. (sec.616M-ssec.3) To remove any doubt, it is declared that subsection (1) does not limit chapter 5, part 12. - (a) the holder of the authority does not comply with section 616H(1); or - (b) the authority is amended under subdivision 6 and the amended authority has taken effect under the current Act; or - (c) the authority is transferred under chapter 5, part 9 and the transfer has taken effect under the current Act; or - (d) the surrender of the authority is approved under the current Act; or - (e) an environmental authority (mining activities) for the SAA mining activity the subject of the transitional authority (SAA) is issued and has taken effect under the current Act.