(1) In this section
—
relevant licence means a prospecting licence
applied for before 10 February 2006.
(2) Despite
sections 18, 23 and 27 but subject to the other provisions of this Act, the
holder of a relevant licence has, while the licence continues in force, the
right to apply for a prospecting licence in respect of the whole or any part
of the land the subject of the relevant licence.
(3) Where the holder
of a relevant licence exercises the right conferred by subsection (2) and the
term of the relevant licence would but for this subsection expire, the
relevant licence shall continue in force in respect of the land the subject of
the application for a prospecting licence until the application is determined.
(4) If the holder of a
relevant licence transfers the licence after making an application for a
prospecting licence in the exercise of the right conferred by subsection (2),
the application continues in the name of the transferee of the licence as if
the transferee had made it.
[Section 56B inserted: No. 39 of 2004 s. 7;
amended: No. 51 of 2012 s. 18.]
[ 56AA. Deleted: No. 52 of 1995 s. 25.]