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Offshore Minerals Act 1999
45Exploration licences
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45 Exploration licences
45 Exploration licences
(1) This Part provides for the grant of exploration licences over blocks in coastal waters.
(2) An exploration licence may be granted over a standard block (see Division 2) or over a tender block (see Division 3).
Note—
A tender block is a block that has been declared available for tender. A standard block is any block that is not a reserved block (see sections 19 and 20).