Queensland Consolidated Acts

MINERAL RESOURCES ACT 1989 - SECT 318BM

318BM Power to determine relinquishment condition

(1) A condition of the mining lease determined under section 276 (1) (n) may be that its holder is required, by a lodged notice, to relinquish a stated part or percentage of its area at stated times or intervals.

Note—

See, however, section 318CZ .

(2) A condition determined under subsection (1) is called a
"relinquishment condition" .

(3) A relinquishment under a relinquishment condition takes effect on the day after the notice is lodged.

(4) This section does not limit the power under section 276 (1) (n) to determine conditions of the mining lease.