Offshore Minerals Act 1994
336Expiry of licences
Start here
Get a plain-English read of 336
Turn the raw legal text into a practical explanation grounded in Offshore Minerals Act 1994.
336 Expiry of licences
(1) If a licence expires because: (a) its term ends; or (b) a retention licence or mining licence is granted to the licence holder; the Designated Authority must register the expiry of the licence.
Note: Cancellation is dealt with under section 337.
(2) If the Designated Authority registers the expiry of a licence under subsection (1): (a) the licence holder must give the licence to the Designated Authority; and (b) the Designated Authority must endorse the expiry and the date of the expiry on the licence.