sec.154Initial term of mineral development licence

sec.154 Initial term of mineral development licence

A mineral development licence comes into force on— the day on which the grant of the tenure is registered; or if a day later than the day on which the grant of the tenure is registered is specified in the tenure as its commencement day—that specified day. The initial term of a mineral development licence expires at the end of the period specified in the tenure under section 146 (1) . For the maximum initial term see section 146 (2) . The tenure may be surrendered at any time (see section 187 ). The period runs from— the day on which the tenure is provisionally granted; or if a day later than the day on which the tenure is provisionally granted is specified in the tenure as its commencement day—that specified day. (sec.154-ssec.1) A mineral development licence comes into force on— the day on which the grant of the tenure is registered; or if a day later than the day on which the grant of the tenure is registered is specified in the tenure as its commencement day—that specified day. (sec.154-ssec.2) The initial term of a mineral development licence expires at the end of the period specified in the tenure under section 146 (1) . For the maximum initial term see section 146 (2) . The tenure may be surrendered at any time (see section 187 ). (sec.154-ssec.3) The period runs from— the day on which the tenure is provisionally granted; or if a day later than the day on which the tenure is provisionally granted is specified in the tenure as its commencement day—that specified day.

• (a) the day on which the grant of the tenure is registered; or
• (b) if a day later than the day on which the grant of the tenure is registered is specified in the tenure as its commencement day—that specified day.
• (a) the day on which the tenure is provisionally granted; or
• (b) if a day later than the day on which the tenure is provisionally granted is specified in the tenure as its commencement day—that specified day.