Obligation to lodge proposed later work program
74K Obligation to lodge proposed later work program
This section imposes an obligation on an authority to prospect holder to lodge a proposed later work program for the authority.
Notes—
1 For approval of the proposed program, see part 4, division 2, subdivision 2.
2 If the holder wishes to renew the authority, a proposed later work program must be included in the renewal application. See section 25M(1).
The obligation is complied with only if the proposed later work program—
is lodged; and
complies with the later work program requirements; and
Note—
For requirements for proposed later work programs, see part 4, division 2, subdivision 1.
is accompanied by the relevant fee.
A proposed later work program must be lodged at least 40, but no more than 100, business days before the end of the program period for the current work program for the authority (the current work program period).
However, if before the end of the current work program period, a decision is made not to approve a proposed later work program lodged under subsection (3), the holder may, within the eligible balance of the period, lodge another proposed later work program.
If the holder does not lodge any proposed later work program before the end of the current plan period or if subsection (4) applies and the holder does not lodge another proposed later work program within the eligible balance of the current work program period—
the holder must be given a notice requiring the holder to lodge a proposed later work program for the authority within 40 business days after the giving of the notice; and
the holder must comply with the requirement.
In this section—
eligible balance, for a current work program period during which a decision mentioned in subsection (4) is made, means the balance of the period, other than the appeal period for the decision.
relevant fee, for the lodgement of the proposed program, means—
if the proposed program is lodged within the time required under subsection (3)—the fee prescribed under a regulation; or
if the proposed program is lodged after the time required under subsection (3)—
if it is lodged under subsection (4)—nil; or
if it is not lodged under subsection (4)—an amount that is 10 times the prescribed fee.
This provision refers to the regulations (a regulation
, prescribed fee
). Made under this Act:
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