26AStatement of economic significance if agricultural land covered by licence

26A Statement of economic significance if agricultural land covered by licence S. 26A(1) amended by No. 64/2012 s. 25, No. 68/2014 s. 31(a). (1) This section applies if a licensee holding a mining licence or prospecting licence that covers agricultural land that is not owned by the licensee proposes to carry out mining on that land. **S. 26A(2) amended by No. 68/2014 s. 31(b).** (2) The licensee must prepare a statement of the economic significance of the mining— (a) that contains an assessment of the benefits to Victoria of the proposed mining, including employment and revenue considerations; and (b) that contains an assessment of those benefits if it was not possible to carry out the mining on the agricultural land. (3) The assessment required by subsection (2)(b) must be made with respect to each separately owned or occupied property that comprises the agricultural land. **S. 26A(4) amended by No. 68/2014 s. 31(c).** (4) The licensee must give the statement of economic significance to the owners and occupiers of the agricultural land— (a) if the proposed mining forms part of the work proposed to be carried out under the licensee's initial work plan, no later than— (i) 6 months after the date the licensee was notified that the licence had been granted; or (ii) the date the licensee lodges the work plan under section 40(1)— whichever is the earlier; (b) in any other case, no later than the date the licensee lodges the relevant application for approval of variation of the work plan under section 41. S. 26B