Geothermal Energy Resources Act 2005
34Right to apply for lease
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34 Right to apply for lease
(1) The holder of an exploration permit may apply to the Minister for the grant of a retention lease in respect of any part of the permit area on which the holder has discovered geothermal energy or geothermal energy resources.
S. 34(2) inserted by No. 25/2008 s. 11.
(2) An application for a retention lease must be made at least 90 days before the applicant's exploration permit is due to expire.
S. 34(3) inserted by No. 25/2008 s. 11.
(3) Despite subsection (2), the Minister may on the payment of any late fee required by the regulations consider an application for a retention lease that does not comply with that subsection.