227Successful applicant must be notified

#### 227 Successful applicant must be notified (1) If the Joint Authority provisionally grants a mining licence under section 225, 226 or 231, the Designated Authority must give the provisional holder: (a) the licence; and (b) written notice that the provisional grant will lapse unless the provisional holder, before the end of the primary 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; and (iv) if the tender is determined on the basis of the amounts of money offered for the licence—pays the Commonwealth the amount that the provisional holder offered for the licence under subsection 221(3). (2) The licence must specify: (a) the blocks covered by the licence; and (b) the term of the licence; and (c) the licence conditions. > Note: For the term of a licence see subsection 217(2).