250Acceptance of renewal of mining licence

250 Acceptance of renewal of mining licence

250 Acceptance of renewal of mining licence

(1) The provisional renewal of a mining licence is properly accepted by the licence holder if, before the required time, the holder:

(a) gives the Minister a written acceptance of the renewal, and

(b) lodges any security required under section 399, and

(c) pays the fee that must be paid under section 425.

(2) The required time under subsection (1) is the end of the primary payment period or, if the provisional holder has been granted an extension of the primary payment period under section 249, the end of the secondary payment period.

Note—

Under section 233, the renewal of the licence cannot be effective before it is registered (see section 334 for registration).