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MINES LEGISLATION (STREAMLINING) AMENDMENT ACT 2012 No. 20 - SECT 173

173 Amendment of s 139 (Periodic reduction in land covered by exploration permit)

(1) Section 139(1), from 'reduced—'—

omit, insert—

'reduced—

(a) by 40% by the end of the first 3 years after the permit is granted; and
(b) by a further 50% of the remaining area of the permit by the end of the first 5 years after the permit is granted; and
(c) each time the permit is renewed—
(i) by a further 40% of the remaining area of the permit by the end of the first 3 years after the day the renewed permit started; and
(ii) by a further 50% of the remaining area of the permit by the end of the first 5 years after the day the renewed permit started.
Note—
See section 147D.'.

(2) Section 139(1A)â€

omit.



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