Mineral Resources Development Act 1995
67LProduction licence
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67L Production licence
(1) On granting an application for a licence*,* the Minister is to issue a petroleum production licence or a geothermal production licence.
(2) A licence is to –
(a) be in an approved form; and
(b) include the following particulars:
(i) a description of the area of land comprised in the licence;
(ii) the total area of that land;
(iii) the minerals, or category of minerals, to which the licence relates;
(iv) the terms and conditions to which it is subject;
(v) the period for which it is in force.
(3) A licensee is to pay rent to the Crown in respect of the land to which the licence relates at a prescribed rate and in a prescribed manner.