27Term of exploration licence

#### 27 Term of exploration licence 27 Term of exploration licence > An exploration licence— > > > (a) takes effect on the date on which it is granted or on such later date, or on the occurrence of such later event, as the decision-maker may determine, and > > > (b) ceases to have effect on the expiration of— > > > > > (i) 2 years after the date on which it took effect, in the case of an exploration (mineral owner) licence, or > > > > > (ii) such period (not exceeding 6 years) as the decision-maker determines, in the case of any other exploration licence. > > **s 27:** Subst 2008 No 19, Sch 1 \[26\]. Am 2015 No 40, Sch 1 \[13\].