Sch 6Retention licence

Schedule 6—Retention licence

Regulation 28(4)

I, [insert name], *the Minister/*acting as delegate to the Minister, grant to [insert full name of holder] of [insert address of holder] this retention licence. The licence is granted under section 25 of the Act, over the area described in the attached document plan.

The licence is effective *to/*for [insert expiry date or term of years from date of registration].

This licence is subject to the Schedule of Conditions attached and the following conditions:

1. The licensee must expend in connection with retention licence activities of the land a minimum of the following (remove where necessary, depending on term of years from date of registration)—

$ in the first year of the term of the licence;

$ in the second year of the term of the licence;

$ in the third year of the term of the licence;

$ in the fourth year of the term of the licence;

$ in the fifth year of the term of the licence;

$ in the sixth year of the term of the licence;

$ in the seventh year of the term of the licence;

$ in the eighth year of the term of the licence;

$ in the ninth year of the term of the licence;

$ in the tenth year of the term of the licence—

unless this requirement is varied, or application of this requirement is suspended for a specified period, in accordance with the Act.

2. The reporting date is [insert reporting date] annually.