232Initial term of mining licence

#### 232 Initial term of mining licence (1) A mining licence comes into force on: (a) the day on which the grant of the licence is registered; or (b) if a day later than the day on which the grant of the licence is registered is specified in the licence as its commencement day—that specified day. (2) The initial term of a mining licence ends: (a) if the licence is granted under Division 2—at the end of the period specified in the licence under subsection 209(1); or (b) if the licence is granted under Division 3—at the end of the period specified under subsection 227(2). > Note 1: For the maximum initial term of renewal see subsections 209(2) and 217(2). > Note 2: The licence may be surrendered at any time (see section 264). (3) The period runs from: (a) the day on which the licence is provisionally granted; or (b) if a day later than the day on which the licence is provisionally granted is specified in the licence as its commencement day—that specified day.