sec.88Initial term of exploration permit

sec.88 Initial term of exploration permit

An exploration permit 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 an exploration permit ends— 4 years after 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—4 years after that specified day. The tenure may be surrendered at any time (see section 127 ). (sec.88-ssec.1) An exploration permit 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.88-ssec.2) The initial term of an exploration permit ends— 4 years after 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—4 years after that specified day. The tenure may be surrendered at any time (see section 127 ).

• (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) 4 years after 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—4 years after that specified day.