158Voluntary surrender of blocks if discrete area remains

158 Voluntary surrender of blocks if discrete area remains

(1) A retention licence holder may surrender a block or some of the blocks covered by the licence if the remaining blocks in the licence area form a discrete area.

Note: See section 187 for the surrender of the whole licence.

(2) A surrender under subsection (1): (a) must be made in a written notice; and (b) must identify the blocks surrendered; and (c) must be given to the Designated Authority.

Note: The surrender takes effect when it is registered under section 337 (see subsection 337(5)).