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Mineral Resources Development Act 1995
56Retention licence
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### 56 Retention licence
> > (1) [*\[Section 56 Subsection (1) amended by No. 24 of 2013, s. 62, Applied:28 Jun 2013\]*](/view/html/inforce/2013-06-28/act-2013-024#GS62@Hpa@EN) On granting an application for a licence, the Minister is to issue a retention licence.
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> > (2) A licence is to –
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> > > > (a) be in an approved form; and
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> > > > (b) include the following particulars:
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> > > > > > (i) [*\[Section 56 Subsection (2) amended by No. 24 of 2013, s. 62, Applied:28 Jun 2013\]*](/view/html/inforce/2013-06-28/act-2013-024#GS62@Hpb@EN) a description of the area of land comprised in the licence;
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> > > > > > (ii) the total area of that land;
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> > > > > > (iii) [*\[Section 56 Subsection (2) amended by No. 24 of 2013, s. 62, Applied:28 Jun 2013\]*](/view/html/inforce/2013-06-28/act-2013-024#GS62@Hpc@EN) the minerals, or category of minerals, to which the licence relates;
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> > > > > > (iv) the terms and conditions to which it is subject;
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> > > > > > (v) the period for which it is in force.
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> > (3) [*\[Section 56 Subsection (3) amended by No. 24 of 2013, s. 62, Applied:28 Jun 2013\]*](/view/html/inforce/2013-06-28/act-2013-024#GS62@Hpd@EN) A licensee is to pay rent to the Crown in respect of the land comprised in the licence at a prescribed rate and in a prescribed manner.