35B Conditions imposing relinquishment obligation: prospecting permits

(1)

The Minister may impose a condition of the kind described in subsection (2) on—

(a)

the grant of a prospecting permit other than a prospecting permit for petroleum; or

(b)

the grant of an application for a change to any prospecting permit other than a prospecting permit for petroleum.

(2)

The Minister may impose a condition requiring the permit holder to relinquish a specified amount of the permit area at a specified time or on a specified event (a relinquishment obligation).

(3)

The Minister may impose a relinquishment obligation not more than twice in relation to a permit, and the total area to be relinquished must not exceed 50% of the original area of land to which the permit applied.

(4)

The holder of a permit that is subject to a relinquishment obligation must submit to the Minister for approval, within the time frame specified in the permit condition, a map of the area that the holder proposes to relinquish.

(5)

The Minister must consider the map and approve the area to be relinquished, with or without amendment, as he or she thinks fit.

Section 35B: inserted, on 24 May 2013, by section 27 of the Crown Minerals Amendment Act 2013 (2013 No 14).