Offshore Minerals Act 1998
sec.90Effect of suspension of rights on term of exploration permit
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sec.90 Effect of suspension of rights on term of exploration permit
If the Minister suspends rights conferred by an exploration permit for a specified period under section 48 , the Minister may extend the term of the tenure. An extension of a tenure term under subsection (1) — must not be for a period that is longer than the period for which the tenure rights were suspended; and must be in writing. If the Minister extends the term of a tenure under subsection (1) , the Minister must give the tenure holder a notice that informs the holder— that the tenure has been extended; and of the period of the extension. (sec.90-ssec.1) If the Minister suspends rights conferred by an exploration permit for a specified period under section 48 , the Minister may extend the term of the tenure. (sec.90-ssec.2) An extension of a tenure term under subsection (1) — must not be for a period that is longer than the period for which the tenure rights were suspended; and must be in writing. (sec.90-ssec.3) If the Minister extends the term of a tenure under subsection (1) , the Minister must give the tenure holder a notice that informs the holder— that the tenure has been extended; and of the period of the extension.
- (a) must not be for a period that is longer than the period for which the tenure rights were suspended; and
- (b) must be in writing.
- (a) that the tenure has been extended; and
- (b) of the period of the extension.