118Conditions of exploration licence

118 Conditions of exploration licence

118 Conditions of exploration licence

(1) The Minister may grant or renew an exploration licence subject to whatever conditions the Minister thinks appropriate.

(2) If the Minister grants or renews an exploration licence subject to conditions, the conditions must be specified in the licence.

(3) Without limiting subsection (1), the Minister may attach the following kinds of conditions to the grant or renewal of an exploration licence:

(a) a condition requiring the licence holder to take out insurance as required by the Minister,

(b) a condition requiring the holder to carry out certain work in or in relation to the licence area during the term of the licence,

(c) a condition requiring the holder to spend a specified amount of money in carrying out the work referred to in paragraph (b),

(d) a condition requiring the holder to lodge a security with the Minister,

(e) a condition requiring the holder to keep specified information,

(f) a condition requiring the holder to give the Minister, on request, specified information,

(g) a condition requiring the holder to take steps to protect the environment of the licence area, including conditions relating to:

(i) protecting wildlife, or

(ii) minimising the effect on the environment of the licence area and the area surrounding the licence area of activities carried out in the licence area,

(h) a condition requiring the holder to repair any damage to the environment caused by activities in the licence area,

(i) a condition requiring the holder to pay a specified penalty to the State if the holder does not comply with a licence condition.

(4) A condition under subsection (3) (d) must specify:

(a) the amount of the security required, and

(b) the kind of security required, and

(c) the manner and form in which the security is to be lodged.