South Australian Current Acts

MINING ACT 1971 - SECT 46

46—Term and renewal of retention lease

        (1)         A retention lease may be granted for such term, not exceeding 5 years, as may be determined by the Minister and specified in the lease.

        (2)         The holder of a retention lease may apply for the renewal of the lease before the expiration of the term of the lease.

        (3)         An application for the renewal of a retention lease—

            (a)         must be made to the Minister in a manner and form determined by the Minister; and

            (b)         must be accompanied by such information as may be prescribed by the regulations.

        (4)         The Minister may require the applicant to furnish the Minister with any additional information specified by the Minister (and the information must be furnished within any period specified by the Minister).

        (5)         If an application for the renewal of a retention lease is not decided before the date on which the lease is due to expire, the lease continues in operation until the application is decided and, if the lease is renewed, the renewal dates from the date on which the lease would, but for this subsection, have expired.

        (6)         If the Minister decides to grant a renewal, the retention lease will be renewed for a term determined by the Minister and specified in the lease.