Offshore Minerals Act 1994
135Licence rights may be suspended
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135 Licence rights may be suspended
(1) The Joint Authority must suspend particular rights conferred by a retention licence if the Joint Authority is satisfied that it is necessary in the national interest to do so. (2) The Joint Authority may suspend rights under subsection (1) for a specified period or for an indefinite period. (3) The Joint Authority may end a suspension at any time. (4) A suspension or the ending of a suspension must be in writing. (5) If the Joint Authority: (a) suspends rights conferred by a retention licence; or (b) ends a suspension; the Joint Authority must give the licence holder a written notice that informs the holder of the suspension or the ending of a suspension.
Note: See section 181 for the effect of the suspension on the obligations associated with the licence.
(6) A suspension takes effect when: (a) the holder has been given notice of the suspension under subsection (5); and (b) the suspension has been registered under section 337.