CTHIn ForceAct
Offshore Minerals Act 1994
47Joint Authority may cancel or not renew exploration licence without compensation
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47 Joint Authority may cancel or not renew exploration licence without compensation
No compensation is payable because of the cancellation or non‑renewal of an exploration licence by the Joint Authority.
Note 1: The Joint Authority may cancel the licence under section 130.
Note 2: The Joint Authority may refuse under section 108 or 109 to renew the licence.