sec.317PConsequence of failure to comply with notice to lodge proposed later development plan

### sec.317P Consequence of failure to comply with notice to lodge proposed later development plan This section applies if the holder of a prescribed mineral mining lease— does not lodge a proposed later development plan under section 317O (2) within the current plan period; or if section 317O (4) applies—does not lodge another proposed later development plan under that subsection within the current plan period. The holder must be given a notice requiring the holder to lodge a proposed later 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 317P ins 2020 No. 14 s 142 (sec.317P-ssec.1) This section applies if the holder of a prescribed mineral mining lease— does not lodge a proposed later development plan under section 317O (2) within the current plan period; or if section 317O (4) applies—does not lodge another proposed later development plan under that subsection within the current plan period. (sec.317P-ssec.2) The holder must be given a notice requiring the holder to lodge a proposed later development plan for the lease within 40 business days after the notice is given. (sec.317P-ssec.3) The holder must comply with the requirement. (sec.317P-ssec.4) If the holder does not comply with the requirement, the lease is cancelled. (sec.317P-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 later development plan under section 317O (2) within the current plan period; or - (b) if section 317O (4) applies—does not lodge another proposed later development plan under that subsection within the current plan period.