Offshore Minerals Act 1999
92Effect of application for retention licence or mining licence on term of exploration licence
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92 Effect of application for retention licence or mining licence on term of exploration licence
92 Effect of application for retention licence or mining licence on term of exploration licence
If:
(a) an exploration licence holder applies for:
(i) a retention licence (see section 137), or
(ii) a mining licence (see section 198),
over the licence area, or part of the licence area, of the exploration licence, and
(b) the current term of the exploration licence expires, and
(c) a grant of the retention licence or mining licence does not take effect before the current term of the exploration licence expires,
the exploration licence remains in force until:
(d) the grant of the retention licence or mining licence takes effect, or
(e) a provisional grant of the retention licence or mining licence lapses, or
(f) the application for the retention licence or mining licence is withdrawn or refused.