sec.318AAIInitial term of mining lease (284)

### sec.318AAI Initial term of mining lease (284) The initial term of a mining lease is for the period approved by the Minister, starting on the first day of the month next following the day on which the lease is granted. From the grant of the lease to the start of the initial term the holder has all the entitlements, powers, duties and functions that the holder has during the term of the lease. Despite subsection (2) , no rent is payable for the period before the initial term starts. s 318AAI ins 2006 No. 31 s 5 amd 2012 No. 20 s 214 (sec.318AAI-ssec.1) The initial term of a mining lease is for the period approved by the Minister, starting on the first day of the month next following the day on which the lease is granted. (sec.318AAI-ssec.2) From the grant of the lease to the start of the initial term the holder has all the entitlements, powers, duties and functions that the holder has during the term of the lease. (sec.318AAI-ssec.3) Despite subsection (2) , no rent is payable for the period before the initial term starts.