192
In forceInitial term of mineral development licence
Chapter 5Mineral development licences
Part 1Mineral development licences generally
192 Initial term of mineral development licence
(1)
The initial term of a mineral development licence shall, unless the licence is sooner terminated, be for a period not exceeding 5 years (or such longer period as the Minister approves) commencing on the first day of the month which next follows the day on which the mineral development licence is granted.
(2)
From the grant of a mineral development licence to the commencement of the initial term thereof the holder shall have all the entitlements, powers, duties and functions that the holder has during the term of the licence except section 193 shall not apply.
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