Periodic reduction deferred if higher tenure application undecided
139A Periodic reduction deferred if higher tenure application undecided
This section applies if—
the holder of an exploration permit has made an application for a mineral development licence or mining lease in relation to an identified area (the higher tenure application); and
at the end of a period mentioned in section 139(1), the higher tenure application has not been decided.
The area of the permit is not required to be reduced under section 139(1) by the identified area until—
if the higher tenure application is granted—the day the tenure is granted; or
if the higher tenure application is withdrawn or refused—20 business days after the day the application is withdrawn or refused.
Also, if the higher tenure application is withdrawn or refused, the holder of the permit may, before the end of the period of 20 business days mentioned in subsection (2)(b), amend the holder’s submission under section 139(5) to the chief executive.
The chief executive must consider an amended submission given under subsection (3) instead of any earlier submission made by the holder.
In this section—
identified area means the sub-blocks of land identified under section 139(5) as the sub-blocks of land to which an exploration permit will not apply after a reduction required under section 139(1).
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