sec.317IConsequence of failure to comply with notice to lodge proposed initial development plan

### sec.317I Consequence of failure to comply with notice to lodge proposed initial development plan This section applies if the holder of a new prescribed mineral mining lease— does not lodge a proposed initial development plan under section 317H (1) within the lodgement period for the lease; or if section 317H (2) applies—does not lodge another proposed initial development plan under that subsection within the lodgement period for the lease. The holder must be given a notice requiring the holder to lodge a proposed initial development plan for the lease within 40 business days after the notice is given. The holder must comply with the requirement. If the holder does not comply with the requirement, the lease is cancelled. However, the cancellation does not take effect until the holder is given a notice stating that the lease has been cancelled because of the operation of subsection (4) . s 317I ins 2020 No. 14 s 142 amd 2024 No. 33 s 183 s ch 1 pt 2 (sec.317I-ssec.1) This section applies if the holder of a new prescribed mineral mining lease— does not lodge a proposed initial development plan under section 317H (1) within the lodgement period for the lease; or if section 317H (2) applies—does not lodge another proposed initial development plan under that subsection within the lodgement period for the lease. (sec.317I-ssec.2) The holder must be given a notice requiring the holder to lodge a proposed initial development plan for the lease within 40 business days after the notice is given. (sec.317I-ssec.3) The holder must comply with the requirement. (sec.317I-ssec.4) If the holder does not comply with the requirement, the lease is cancelled. (sec.317I-ssec.5) However, the cancellation does not take effect until the holder is given a notice stating that the lease has been cancelled because of the operation of subsection (4) . - (a) does not lodge a proposed initial development plan under section 317H (1) within the lodgement period for the lease; or - (b) if section 317H (2) applies—does not lodge another proposed initial development plan under that subsection within the lodgement period for the lease.