146Matters to be specified in the licence

146 Matters to be specified in the licence

146 Matters to be specified in the licence

(1) The licence must specify:

(a) the blocks covered by the licence, and

(b) the term of the licence, and

(c) the licence conditions.

(2) The term specified under subsection (1) (b) is not to exceed 5 years.

(3) The licence may specify the activities that may be carried out under the licence.

(4) If the licence includes a specification under subsection (3), the licence authorises only the specified activities.