Rights to extract minerals

In force

(1)

The territory planning authority may, by a lease or licence, grant a person the right to extract minerals from stated land.

(2)

The provisions of the lease or licence are the provisions agreed between the parties.

(3)

For the Personal Property Securities Act 2009 (Cwlth), section 10, definition of personal property, a right granted by licence under subsection (1) is not personal property.

This Act’s bill:Explanatory statement Second reading speech

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517 Rights to extract minerals