Western Australian Current Acts Western Australian Current Acts (1) Where a retention
licence is surrendered or forfeited, or expires, the land the subject of the
retention licence or any part of that land shall not be marked out or applied
for as a prospecting licence or an exploration licence by or on behalf of
—
(a) the
person who was the holder of the retention licence immediately prior to the
date of the surrender, forfeiture or expiry; or
(b) any
person who had an interest in the retention licence immediately prior to that
date,
within a period of 3
months from and including that date.
(2) For the purposes
of subsection (1) the holding of shares in a listed public company which held
the retention licence in question does not of itself constitute an interest in
the retention licence.
[Section 70N inserted: No. 37 of 1993 s. 10(1).]