Western Australian Current Acts

OFFSHORE MINERALS ACT 2003 - SECT 99

99 .         Voluntary surrender of blocks if discrete area remains

        (1)         An exploration licence holder may surrender a block or some of the blocks covered by the licence if the remaining blocks in the licence area form a discrete area.

        Note:

                See section 127 for the surrender of the whole licence.

        (2)         A surrender under subsection (1) must —

            (a)         be made in writing; and

            (b)         identify the blocks surrendered; and

            (c)         be given to the Minister.

        Note:

                The surrender takes effect when it is registered under section 337 (see section 337(5)).