CTHIn ForceAct
Offshore Minerals Act 1994
128Automatic expiry of exploration licence when retention licence takes effect
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128 Automatic expiry of exploration licence when retention licence takes effect
If: (a) an exploration licence is in force under this Act; and (b) the Joint Authority provisionally grants a retention licence over all or some of the blocks in the exploration licence area; and (c) the provisional grant of the retention licence is properly accepted; and (d) the retention licence comes into force; the exploration licence expires in relation to the blocks covered by the retention licence.