sec.373Obligation to give notice of closure—relevant events

### sec.373 Obligation to give notice of closure—relevant events This section applies to a resource tenure holder if— the obligation to give a final report does not apply to the holder because the holder makes a renewal application for the tenure before the time for making the application expires; and after the holder gives the chief executive a written declaration stating that the holder intends to apply for a renewal of the tenure, any of the following happens (each a relevant event )— the holder withdraws the renewal application; the renewal application for the tenure is rejected; the renewal application is granted, and the holder later makes a surrender application for the tenure. The holder must, on the day the relevant event happens, give the chief executive a notice of closure complying with section 372 (3) . Maximum penalty—500 penalty units. However, subsection (2) applies only if the resource tenure holder has started exercising its underground water rights. s 373 prev s 373 om 2008 No. 34 s 714 pres s 373 ins 2010 No. 53 s 195 amd 2014 No. 64 s 84 ; 2023 No. 24 s 75 s ch 1 pt 1 (sec.373-ssec.1) This section applies to a resource tenure holder if— the obligation to give a final report does not apply to the holder because the holder makes a renewal application for the tenure before the time for making the application expires; and after the holder gives the chief executive a written declaration stating that the holder intends to apply for a renewal of the tenure, any of the following happens (each a relevant event )— the holder withdraws the renewal application; the renewal application for the tenure is rejected; the renewal application is granted, and the holder later makes a surrender application for the tenure. (sec.373-ssec.2) The holder must, on the day the relevant event happens, give the chief executive a notice of closure complying with section 372 (3) . Maximum penalty—500 penalty units. (sec.373-ssec.3) However, subsection (2) applies only if the resource tenure holder has started exercising its underground water rights. - (a) the obligation to give a final report does not apply to the holder because the holder makes a renewal application for the tenure before the time for making the application expires; and - (b) after the holder gives the chief executive a written declaration stating that the holder intends to apply for a renewal of the tenure, any of the following happens (each a relevant event )— (i) the holder withdraws the renewal application; (ii) the renewal application for the tenure is rejected; (iii) the renewal application is granted, and the holder later makes a surrender application for the tenure. - (i) the holder withdraws the renewal application; - (ii) the renewal application for the tenure is rejected; - (iii) the renewal application is granted, and the holder later makes a surrender application for the tenure. - (i) the holder withdraws the renewal application; - (ii) the renewal application for the tenure is rejected; - (iii) the renewal application is granted, and the holder later makes a surrender application for the tenure.