11
In forceGeothermal exploration permit
Part 2Exploration for geothermal energy resources
Division 1Geothermal exploration permits
11 Geothermal exploration permit
(1) A geothermal exploration permit is an instrument that:
(a)
gives the permit holder:
(i)
the right to occupy the permit area; and
(ii) the exclusive right to conduct exploration for geothermal energy resources in the permit area; and
(b)
is in force and entered in the register.
(2) The rights of the permit holder may by exercised only in accordance with the conditions of the permit.
(3)
The permit remains in force:
(a)
for 5 years after the date it is granted or renewed; or
(b) if it is surrendered or cancelled before that time – until the surrender or cancellation takes effect.
This Act’s bill:Explanatory statementSecond reading speech
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