(1) If a licence
expires because —
(a) its
term ends; or
(b) a
retention licence or mining licence is granted to the licence holder,
the Minister must
register the expiry of the licence.
Note:
Cancellation is dealt
with under section 337.
(2) In subsection
(1)(a) the reference to the term of a licence includes any period during which
the licence is in force under section 90, 91, 92 or 93.
(3) If the Minister
registers the expiry of a licence under subsection (1) —
(a) the
licence holder must give the licence to the Minister; and
(b) the
Minister must endorse the expiry and the date of the expiry on the licence.