Offshore Minerals Act 1994
300Acceptance of renewal of works licence
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300 Acceptance of renewal of works licence
(1) The provisional renewal of a works licence is properly accepted by the 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 Works Licence Fees Act.
Note: Under section 287, the renewal of the licence cannot be effective before it is registered (see section 334 for registration).
(2) The provisional renewal of a works licence is properly accepted by the holder if the holder: (a) has been granted an extension of the primary payment period under section 299; 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 Works Licence Fees Act.
Note: Under section 287, the renewal of the licence cannot be effective before it is registered (see section 334 for registration).