Offshore Minerals Act 1999
135Licence rights may be suspended
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135 Licence rights may be suspended
135 Licence rights may be suspended
(1) The Minister must suspend particular rights conferred by a retention licence if the Minister is satisfied that it is necessary in the public interest to do so.
(2) The Minister may suspend rights under subsection (1) for a specified period or for an indefinite period.
(3) The Minister may end a suspension at any time.
(4) A suspension or the ending of a suspension must be in writing.
(5) If the Minister:
(a) suspends rights conferred by a retention licence, or
(b) ends a suspension,
the Minister must give the licence holder a written notice that informs the holder of the suspension or the ending of a suspension.
Note—
See section 181 for the effect of the suspension on the obligations associated with the licence.
(6) A suspension takes effect when:
(a) the holder has been given notice of the suspension under subsection (5), and
(b) the suspension has been registered under section 337.