sec.74AStandard relinquishment condition

### sec.74A Standard relinquishment condition It is a condition (the relinquishment condition ) of each authority to prospect that its holder must relinquish part of its area, as provided for under this subdivision— on or before each of its relinquishment days; and if section 74E (3) applies—on the day provided for under that subsection; and if, under part 4 , division 2 , subdivision 3 , the period of the work program for the authority has been extended—the day on which the extended period ends. However, if, under section 25J (4) , a relinquishment day for the authority (the original day ) is deferred for a stated period, for the relinquishment condition— the relinquishment that was required on or before the original day is taken to have been deferred until the end of the stated period; but the relinquishments required under the relinquishment condition on any later relinquishment days for the authority must be made as if the deferral has not been granted. A relinquishment required under the relinquishment condition— must be made by lodged notice (the relinquishment notice ); and takes effect on the day after lodgement under paragraph (a) . This section does not prevent the holder from relinquishing, by relinquishment notice, more than the part provided for under this subdivision. s 74A ins 2004 No. 26 s 46 amd 2012 No. 20 s 281 sch 2 (sec.74A-ssec.1) It is a condition (the relinquishment condition ) of each authority to prospect that its holder must relinquish part of its area, as provided for under this subdivision— on or before each of its relinquishment days; and if section 74E (3) applies—on the day provided for under that subsection; and if, under part 4 , division 2 , subdivision 3 , the period of the work program for the authority has been extended—the day on which the extended period ends. (sec.74A-ssec.2) However, if, under section 25J (4) , a relinquishment day for the authority (the original day ) is deferred for a stated period, for the relinquishment condition— the relinquishment that was required on or before the original day is taken to have been deferred until the end of the stated period; but the relinquishments required under the relinquishment condition on any later relinquishment days for the authority must be made as if the deferral has not been granted. (sec.74A-ssec.3) A relinquishment required under the relinquishment condition— must be made by lodged notice (the relinquishment notice ); and takes effect on the day after lodgement under paragraph (a) . (sec.74A-ssec.4) This section does not prevent the holder from relinquishing, by relinquishment notice, more than the part provided for under this subdivision. - (a) on or before each of its relinquishment days; and - (b) if section 74E (3) applies—on the day provided for under that subsection; and - (c) if, under part 4 , division 2 , subdivision 3 , the period of the work program for the authority has been extended—the day on which the extended period ends. - (a) the relinquishment that was required on or before the original day is taken to have been deferred until the end of the stated period; but - (b) the relinquishments required under the relinquishment condition on any later relinquishment days for the authority must be made as if the deferral has not been granted. - (a) must be made by lodged notice (the relinquishment notice ); and - (b) takes effect on the day after lodgement under paragraph (a) .