Offshore Minerals Act 1999
235Voluntary surrender of blocks if discrete area remains
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235 Voluntary surrender of blocks if discrete area remains
235 Voluntary surrender of blocks if discrete area remains
(1) A mining licence holder may surrender a block or some of the blocks covered by the licence if the remaining blocks in the licence area form a discrete area.
Note—
See section 264 for the surrender of the whole licence.
(2) A surrender under subsection (1) must:
(a) be made in writing, and
(b) identify the blocks surrendered, and
(c) be given to the Minister.
Note—
The surrender takes effect when it is registered under section 337 (see section 337 (5)).