Victorian Current Acts Victorian Current Acts(1) The holder of a prospecting licence is entitled—
(a) to prospect or explore for minerals; and
(b) to carry out mining on the land covered by the licence; and
(c) to do anything else that is incidental to that mining.
(2) To avoid doubt, the holder of a prospecting licence is entitled to apply for a mining licence or retention licence in respect of the land covered by the licence.
S. 14B(2A) inserted by No. 64/2012 s. 17.
(2A) The holder of a prospecting licence may with the consent of the Minister, and in accordance with any conditions imposed by the Minister on that consent, dispose of any tailings produced by the holder during work under the licence.
(3) A prospecting licence—
S. 14B(3)(a) amended by No. 32/2019 s. 54.
(a) is current for the time specified in the licence, not exceeding 7 years from the date on which it is registered; and
(b) cannot be renewed; and
(c) applies to the land described in the licence.
(4) The area of the land described in a prospecting licence must not exceed 5 hectares.
S. 14B(5) inserted by No. 68/2014 s. 18.
(5) For the purposes of section 8(1)(k) of the Personal Property Securities Act 2009 of the Commonwealth, a prospecting licence is declared not to be personal property.
S. 14BA inserted by No. 64/2012 s. 18.