Requirement to apply for new authority or amend etc. transitional authority (SAA)
616H Requirement to apply for new authority or amend etc. transitional authority (SAA)
The holder of a transitional authority (SAA) must, within 3 years after the commencement, apply under the current Act for—
an environmental authority (mining activities) for a level 1 mining project; or
an amendment of the transitional authority (SAA) for converting it to an environmental authority (mining activities) for a level 1 mining project; or
the surrender of the transitional authority (SAA); or
the transfer of the transitional authority (SAA) to an entity other than a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act.
Note—
If subsection (1) is not complied with, the transitional authority (SAA) ends. See section 616M.
To remove any doubt, it is declared that the transfer of a transitional authority (SAA) to a wholly-owned subsidiary of the holder of the authority within the meaning of the Corporations Act does not constitute compliance with the obligation under subsection (1).
This Act’s bill:Explanatory memorandum
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