sec.197EWhen new conditions of renewed licence start

### sec.197E When new conditions of renewed licence start If a renewed mineral development licence is subject to conditions (the new conditions ) different from, or not included in, the licence conditions applying immediately before its renewal, the new conditions apply from the later of the following— the start of the term of the renewed licence; the day the renewal is granted. However, if the licence is continued in force under section 197C , the holder must pay rental on the licence from the day after its expiry day at the rate that would have been payable, from time to time, if the renewed mineral development licence had been renewed on the day after the expiry day. Subsection (2) applies even though payment of rental may be a condition of the licence. s 197E ins 2005 No. 8 s 24 (sec.197E-ssec.1) If a renewed mineral development licence is subject to conditions (the new conditions ) different from, or not included in, the licence conditions applying immediately before its renewal, the new conditions apply from the later of the following— the start of the term of the renewed licence; the day the renewal is granted. (sec.197E-ssec.2) However, if the licence is continued in force under section 197C , the holder must pay rental on the licence from the day after its expiry day at the rate that would have been payable, from time to time, if the renewed mineral development licence had been renewed on the day after the expiry day. (sec.197E-ssec.3) Subsection (2) applies even though payment of rental may be a condition of the licence. - (a) the start of the term of the renewed licence; - (b) the day the renewal is granted.