120Variation of conditions

120 Variation of conditions

120 Variation of conditions

(1) If:

(a) an exploration licence holder requests the Minister in writing to vary a licence condition, or

(b) an exploration licence continues in force because of section 93, or

(c) an extension of the term of an exploration licence is granted under section 95, or

(d) part of the licence area of an exploration licence is surrendered under section 99 or 100,

the Minister may vary a licence condition.

(2) If the Minister gives:

(a) a direction under section 387, or

(b) an approval, consent or exemption under the regulations,

to an exploration licence holder, the Minister may vary a licence condition to the extent necessary to avoid inconsistency between the licence conditions and the direction, approval, consent or exemption.

(3) The Minister may vary a licence condition subject to whatever conditions the Minister thinks appropriate.

(4) If the Minister varies a licence condition, the Minister must give the licence holder a written notice that:

(a) informs the holder of the variation, and

(b) specifies the conditions which have been varied, and

(c) specifies any conditions to which the variation is subject.