74Cancellation of authority

74 Cancellation of authority

The Minister may cancel an authority if—

(a) the holder of the authority has not complied with the work program that was to have been carried out under the authority; or

S. 74(b) amended by No. 64/2012 s. 10.

(b) any condition of the authority or any of the provisions of this Act that apply to the authority have not been complied with; or

(c) the holder of the authority has failed to maintain any insurance policy it is required to maintain under this Act or has failed to lodge any bond it was required to lodge under this Act; or

(d) any geothermal energy operation carried out under the authority has caused an unexpected significant adverse impact on the environment; or

(e) the holder of the authority fails to observe good practices in relation to exploration or extraction; or

(f) the holder of the authority no longer has the funds to carry out its work program; or

(g) the holder of the authority has not paid any amount that is payable under this Act within 90 days after it was due and within 30 days after receiving a written notice from the Minister warning of the Minister's power under this provision; or

S. 74(h) amended by No. 4/2008 s. 32(Sch. item 13).

(h) the holder of the authority becomes an insolvent under administration; or

(i) no geothermal energy operations have been carried out over a continuous period of 5 years.

S. 74A inserted by No. 64/2012 s. 11.