Initial term of mining lease
284 Initial term of mining lease
The initial term of a mining lease is the period approved by the Minister, unless the lease is sooner terminated.
Despite subsection (1), the term of the mining lease must not be for a period longer than the period for which compensation has been agreed or determined under section 279, 281 or 282.
The initial term of a mining lease commences on the first day of the month that next follows the day the mining lease is granted.
From the grant of a mining lease 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 lease except section 290 shall not apply.
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