50Making a plan revision approval application

50 Making a plan revision approval application

(1) This section applies to the holder of a licence for which there is a management plan. (2) This section also applies to the holder of a feasibility licence if: (a) the licence holder has applied, or proposes to apply, for the Minister to grant a commercial licence on the basis of the feasibility licence; and (b) the Regulator has approved a management plan for the proposed commercial licence.

Note: If subsection (2) applies, the relevant licence for an application under paragraph (3)(b) is the proposed commercial licence (see the definition of relevant licence in section 4).

(3) The licence holder may: (a) prepare a revised management plan; and (b) apply to the Regulator, in accordance with this Subdivision, for the Regulator to approve the revised management plan as the management plan for the relevant licence. (4) For the purposes of this instrument, an application under paragraph (3)(b) is a plan revision approval application.