117Invitation to apply for mineral title for general reserved land

117 Invitation to apply for mineral title for general reserved land (1) The Minister may, by Gazette notice: (a) state that the general reserved land described in the notice may be released for the grant of a mineral title otherwise prohibited by a notice under section 113; and (b) invite applications under Part 3 or 4 for the grant of a mineral title for any of the general reserved land. (2) The notice must include the following information: (a) the type of mineral title for which a person may apply in relation to the general reserved land to be released; (b) the period within which an application must be made; (c) any conditions imposed by the Minister relating to the release of the general reserved land and the making of an application. (3) The Minister may invite applications under subsection (1) only: (a) after taking into account the purpose for which the land was reserved; and (b) if satisfied it is in the interests of the Territory to do so. (4) The reservation of the general reserved land ceases to have effect on the day a mineral title under Part 3 or 4 is granted for the land.