250Acceptance of renewal of mining licence

#### 250 Acceptance of renewal of mining licence (1) The provisional renewal of a mining licence is properly accepted by the licence holder if, before the end of the primary payment period, the holder: (a) gives the Designated Authority a written acceptance of the renewal; and (b) lodges any security required by the Joint Authority under section 399; and (c) pays the fees that must be paid under the Mining Licence Fees Act. > Note: Under section 233, the renewal of the licence cannot be effective before it is registered (see section 334 for registration). (2) The provisional renewal of a mining licence is properly accepted by the licence holder if the holder: (a) has been granted an extension of the primary payment period under section 249; and (b) before the end of the secondary payment period: (i) gives the Designated Authority a written acceptance of the renewal; and (ii) lodges any security required by the Joint Authority under section 399; and (iii) pays the fees that must be paid under the Mining Licence Fees Act. > Note: Under section 233, the renewal of the licence cannot be effective before it is registered (see section 334 for registration).