Queensland Consolidated Acts

MINERAL RESOURCES ACT 1989 - SECT 317X

317X Changes to prescribed minerals or prescribed thresholds

(1) A mining lease stops being a prescribed mineral mining lease, in relation to a prescribed mineral, if—

(a) the mineral stops being a prescribed mineral; or

(b) both of the following apply—

(i) the threshold amount of the prescribed mineral increases;

(ii) the increased threshold amount of the prescribed mineral has not been mined under the lease in any lease year for the lease.

(2) For subsection (1) (b) (ii) , if a mining lease is part of a mining project, a threshold amount of a prescribed mineral is taken to have been mined under the lease in a lease year for the lease if the threshold amount of the mineral has been mined under the mining project during a project year for the project.

(3) If a mining lease is granted for more than 1 prescribed mineral, the mining lease stops being a prescribed mineral mining lease only if subsections (1) and (2) are satisfied for each prescribed mineral for which the mining lease was granted.