sec.231FInitial term of mineral development licence (192)

### sec.231F Initial term of mineral development licence (192) The initial term of a mineral development licence is for a period of not more than 5 years starting on the first day of the month next following the day the licence is granted. From the grant of the licence to the start of the initial term, the holder has all the entitlements, powers, duties and functions the holder has during the term of the licence. Despite section 193 , no rent is payable for the period before the initial term starts. s 231F ins 2006 No. 31 s 4 (sec.231F-ssec.1) The initial term of a mineral development licence is for a period of not more than 5 years starting on the first day of the month next following the day the licence is granted. (sec.231F-ssec.2) From the grant of the licence to the start of the initial term, the holder has all the entitlements, powers, duties and functions the holder has during the term of the licence. (sec.231F-ssec.3) Despite section 193 , no rent is payable for the period before the initial term starts.