sec.318BMPower to determine relinquishment condition

### sec.318BM Power to determine relinquishment condition A condition of the mining lease determined under section 276 (1) (o) may be that its holder is required, by a lodged notice, to relinquish a stated part or percentage of its area at stated times or intervals. See, however, section 318CZ . A condition determined under subsection (1) is called a relinquishment condition . A relinquishment under a relinquishment condition takes effect on the day after the notice is lodged. This section does not limit the power under section 276 (1) (o) to determine conditions of the mining lease. s 318BM ins 2004 No. 25 s 1020 amd 2012 No. 20 s 125 sch 1 , s 281 sch 2 ; 2018 No. 24 s 133 ; 2024 No. 33 s 183 s ch 1 pt 2 (sec.318BM-ssec.1) A condition of the mining lease determined under section 276 (1) (o) may be that its holder is required, by a lodged notice, to relinquish a stated part or percentage of its area at stated times or intervals. See, however, section 318CZ . (sec.318BM-ssec.2) A condition determined under subsection (1) is called a relinquishment condition . (sec.318BM-ssec.3) A relinquishment under a relinquishment condition takes effect on the day after the notice is lodged. (sec.318BM-ssec.4) This section does not limit the power under section 276 (1) (o) to determine conditions of the mining lease.