When new conditions of renewed permit start
147E When new conditions of renewed permit start
If a renewed exploration permit is subject to conditions (the new conditions) different from, or not included in, the permit conditions applying immediately before its renewal, the new conditions apply from the later of the following—
the start of the term of the renewed permit;
the day the renewal is granted.
However, if the permit is continued in force under section 147C, the holder must pay rental on the permit from the day after its expiry day at the rate that would have been payable, from time to time, if the renewed exploration permit had been renewed on the day after the expiry day.
Subsection (2) applies even though payment of rental may be a condition of the permit.
If the application for renewal of the permit is withdrawn or is refused, the chief executive must refund the overpaid rental to the applicant.
In this section—
overpaid rental means the annual rental overpaid because of the withdrawal or refusal, worked out proportionately for the whole months remaining after the withdrawal or refusal until the end of the year for which the rental was paid.
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