Offshore Minerals Act 1998
sec.336Expiry of tenures
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sec.336 Expiry of tenures
If a tenure expires because— its term ends; or a mineral development licence or mining lease is granted to the tenure holder; the Minister must register the expiry of the tenure. Cancellation is dealt with under section 337 . In subsection (1) (a) , the reference to the term of a tenure includes any period during which the tenure is in force under section 90 , 91 , 92 or 93 . If the Minister registers the expiry of a tenure under subsection (1) — the tenure holder must give the tenure to the Minister; and the Minister must endorse the expiry and the date of the expiry on the tenure. (sec.336-ssec.1) If a tenure expires because— its term ends; or a mineral development licence or mining lease is granted to the tenure holder; the Minister must register the expiry of the tenure. Cancellation is dealt with under section 337 . (sec.336-ssec.2) In subsection (1) (a) , the reference to the term of a tenure includes any period during which the tenure is in force under section 90 , 91 , 92 or 93 . (sec.336-ssec.3) If the Minister registers the expiry of a tenure under subsection (1) — the tenure holder must give the tenure to the Minister; and the Minister must endorse the expiry and the date of the expiry on the tenure.
- (a) its term ends; or
- (b) a mineral development licence or mining lease is granted to the tenure holder;
- (a) the tenure holder must give the tenure to the Minister; and
- (b) the Minister must endorse the expiry and the date of the expiry on the tenure.