Effect of termination of mineral development licence
228 Effect of termination of mineral development licence
This section applies on the termination of a mineral development licence.
However, this section does not apply to a mineral development licence if the termination is for granting a new mineral development licence or a mining lease over the area of the terminated licence to the holder of the terminated licence.
On the termination of a mineral development licence, the ownership of machinery, equipment and removable improvements (plant) on the area of the terminated licence divests from the owner and vests in the State.
However, subsection (3) applies to plant only if the plant was brought on to the land under the terminated mineral development licence.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.