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Section 127 - Offshore Minerals Act 1994 - Voluntary surrender of exploration licence — Zoe

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Offshore Minerals Act 1994

127Voluntary surrender of exploration licence

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#### 127 Voluntary surrender of exploration licence An exploration licence holder may surrender the licence. > Note 1: See Division 5 for voluntary surrender of part of a licence area. > Note 2: The surrender takes effect when it is registered under section 337 (see subsection 337(5)).

Previous section126General Next section128Automatic expiry of exploration licence when retention licence takes effect