Offshore Minerals Act 1999
90Effect of suspension of rights on term of exploration licence
Start here
Get a plain-English read of 90
Turn the raw legal text into a practical explanation grounded in Offshore Minerals Act 1999.
90 Effect of suspension of rights on term of exploration licence
90 Effect of suspension of rights on term of exploration licence
(1) If the Minister suspends rights conferred by an exploration licence for a specified period under section 48, the Minister may extend the term of the licence.
(2) An extension of a licence term under subsection (1):
(a) must not be for a period that is longer than the period for which the licence rights were suspended, and
(b) must be in writing.
(3) If the Minister extends the term of a licence under subsection (1), the Minister must give the licence holder a written notice that informs the holder:
(a) that the licence has been extended, and
(b) of the period of the extension.