sec.317XEffect if mineral stops being prescribed mineral or prescribed threshold increases

### sec.317X Effect if mineral stops being prescribed mineral or prescribed threshold increases A mining lease for a prescribed mineral stops being a prescribed mineral mining lease if the mineral stops being a prescribed mineral. Also, a mining lease for a prescribed mineral stops being a prescribed mineral mining lease if— the prescribed threshold for the mineral increases; and for a mining lease that is part of a mining project—an amount of the mineral that equals or exceeds the increased prescribed threshold for the mineral has not been mined under the project in any project year for the project; and for a mining lease that is not part of a mining project—an amount of the mineral that equals or exceeds the increased prescribed threshold for the mineral has not been mined under the lease in any lease year for the lease. However, if the mining lease is for more than 1 prescribed mineral, the mining lease stops being a prescribed mineral mining lease only if subsection (1) or (2) applies for each prescribed mineral. s 317X ins 2020 No. 14 s 142 sub 2024 No. 33 s 142 (sec.317X-ssec.1) A mining lease for a prescribed mineral stops being a prescribed mineral mining lease if the mineral stops being a prescribed mineral. (sec.317X-ssec.2) Also, a mining lease for a prescribed mineral stops being a prescribed mineral mining lease if— the prescribed threshold for the mineral increases; and for a mining lease that is part of a mining project—an amount of the mineral that equals or exceeds the increased prescribed threshold for the mineral has not been mined under the project in any project year for the project; and for a mining lease that is not part of a mining project—an amount of the mineral that equals or exceeds the increased prescribed threshold for the mineral has not been mined under the lease in any lease year for the lease. (sec.317X-ssec.3) However, if the mining lease is for more than 1 prescribed mineral, the mining lease stops being a prescribed mineral mining lease only if subsection (1) or (2) applies for each prescribed mineral. - (a) the prescribed threshold for the mineral increases; and - (b) for a mining lease that is part of a mining project—an amount of the mineral that equals or exceeds the increased prescribed threshold for the mineral has not been mined under the project in any project year for the project; and - (c) for a mining lease that is not part of a mining project—an amount of the mineral that equals or exceeds the increased prescribed threshold for the mineral has not been mined under the lease in any lease year for the lease.