sec.155Term of renewal of tenure

sec.155 Term of renewal of tenure

A renewal of a mineral development licence comes into force on the later of the following days— the day on which the renewal is registered; or the day on which the previous term of the tenure expires. See division 5 for renewal. The term of a renewal of a tenure expires at the end of the period specified in the notice under section 169 . For the maximum term of renewal see section 169 (3) . The tenure may be surrendered at any time (see section 187 ). The period runs from the expiry of the previous term of the tenure. In working out the period referred to in subsection (3) , section 156 must be disregarded. (sec.155-ssec.1) A renewal of a mineral development licence comes into force on the later of the following days— the day on which the renewal is registered; or the day on which the previous term of the tenure expires. See division 5 for renewal. (sec.155-ssec.2) The term of a renewal of a tenure expires at the end of the period specified in the notice under section 169 . For the maximum term of renewal see section 169 (3) . The tenure may be surrendered at any time (see section 187 ). (sec.155-ssec.3) The period runs from the expiry of the previous term of the tenure. (sec.155-ssec.4) In working out the period referred to in subsection (3) , section 156 must be disregarded.

• (a) the day on which the renewal is registered; or
• (b) the day on which the previous term of the tenure expires.