(1) The duration of an exploration permit is worked out using the table:
Duration of exploration permits | ||
Item | This kind of permit... |
remains in force... |
1 | for the period of 6 years beginning on: (a) the day on which the permit is granted; or (b) if a later day is specified in the permit as the day on which the permit is to come into force—that later day. | |
2 | an exploration permit granted by way of renewal | for the period of 5 years beginning on: (a) the day on which the permit is granted; or (b) if a later day is specified in the permit as the day on which the permit is to come into force—that later day. |
(2) Subsection (1) has effect subject to this Chapter.
Note 1: For a special rule about the extension of the duration of an exploration permit if the permittee applies for a retention lease or production licence, see section 81.
Note 2: For a special rule about the extension of the duration of exploration permits pending decisions on renewal applications, see subsection 97(5).
Note 3: For a special rule about the extension of the duration of cash‑bid exploration permits, see section 92.
Note 4: For special rules about the extension of the duration of an exploration permit following a suspension or exemption decision, see sections 228 and 230.
Note 5: For the revocation of an exploration permit, see section 160 and clause 8 of Schedule 4.
Note 6: For special rules about when an exploration permit ceases to be in force following the grant of a retention lease or production licence, see sections 121 and 148.
Note 7: For the surrender of an exploration permit, see Part 2.12.
Note 8: For the cancellation of an exploration permit, see Part 2.13.