75Additional grounds for the cancellation or partial cancellation of extraction licence

75 Additional grounds for the cancellation or partial cancellation of extraction licence

(1) The Minister may also cancel an extraction licence if the Minister is satisfied—

(a) that it is no longer commercially viable to extract geothermal energy or geothermal energy resources in the licence area; or

(b) that no geothermal energy or geothermal energy resources are being extracted in the licence area and the holder of the licence has no present intention to extract geothermal energy or geothermal energy resources in that area in the immediate future; or

(c) that no geothermal energy or geothermal energy resources have been extracted in the licence area in the last 2 years.

(2) The Minister may amend an extraction licence to remove an area specified in the licence from the licence area if—

(a) the holder of the licence has failed to comply with a condition of the licence with respect to the area to be removed from the licence area; or

(b) the Minister is satisfied that it is no longer commercially viable to extract geothermal energy or geothermal energy resources in the area to be removed from the licence area; or

(c) the area to be removed from the licence area is not subject to a work program.