214Acceptance of grant of mining licence for standard block

214 Acceptance of grant of mining licence for standard block

(1) The provisional grant of a mining licence is properly accepted by the provisional holder if, before the end of the primary payment period, the provisional holder: (a) gives the Designated Authority a written acceptance of the grant; and (b) lodges any security required by the Joint Authority under section 399; and (c) pays the fees that must be paid for the licence under the Mining Licence Fees Act. (2) The provisional grant of a mining licence is properly accepted by the provisional holder if the provisional holder: (a) has been granted an extension of the primary payment period under section 213; and (b) before the end of the secondary payment period: (i) gives the Designated Authority a written acceptance of the grant; and (ii) lodges any security required by the Joint Authority under section 399; and (iii) pays the fees that must be paid for the licence under the Mining Licence Fees Act.

Note: Under section 232, the grant of the licence cannot be effective before it is registered (see section 333 for registration).