sec.173Acceptance of renewal of mineral development licence

sec.173 Acceptance of renewal of mineral development licence

The provisional renewal of a mineral development licence is properly accepted by the tenure holder if, before the required time, the holder— gives the Minister a written acceptance of the renewal; and lodges any security required under section 399 ; and pays the fee that must be paid under section 425 . The required time under subsection (1) is the end of the primary payment period or, if the tenure holder has been granted an extension of the primary payment period under section 172 , the end of the secondary payment period. Under section 155 , the renewal of the tenure can not be effective before it is registered (see section 334 for registration). (sec.173-ssec.1) The provisional renewal of a mineral development licence is properly accepted by the tenure holder if, before the required time, the holder— gives the Minister a written acceptance of the renewal; and lodges any security required under section 399 ; and pays the fee that must be paid under section 425 . (sec.173-ssec.2) The required time under subsection (1) is the end of the primary payment period or, if the tenure holder has been granted an extension of the primary payment period under section 172 , the end of the secondary payment period. Under section 155 , the renewal of the tenure can not be effective before it is registered (see section 334 for registration).

• (a) gives the Minister a written acceptance of the renewal; and
• (b) lodges any security required under section 399 ; and
• (c) pays the fee that must be paid under section 425 .