(1) If —
(a) the
holder of a mining lease or a general purpose lease surrenders the lease in
whole or in part under section 95 conditionally upon the grant of a
mining tenement in respect of the whole or any part of the lease; and
(b) that
mining tenement is granted,
the holder is entitled
to a pro rata refund of rent paid on the whole or such part of the lease as is
included in that mining tenement for the period commencing on the day on which
that mining tenement is granted.
(2) When calculating a
pro rata refund for the purposes of subregulation (1) only whole months
of the period referred to in that subregulation are to be the subject of the
refund.
[Regulation 47A inserted: Gazette
13 Oct 1995 p. 4817.]
[ 48. Deleted: Gazette 9 Mar 2007
p. 868.]