AustLII Tasmanian Consolidated Acts

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MINERAL RESOURCES DEVELOPMENT ACT 1995 - SECT 67T

Duties under production licence

(1)  A licensee must carry out any exploration or production activities under the licence efficiently and effectively.
(2)  A licensee is to carry out any exploration, production activities and rehabilitation of land consistently with the standards specified in any relevant Code of practice.
(3)  If production activities have not commenced within 24 months after the grant of the licence, the Minister may, by notice in writing to the licensee, require the licensee to commence production activities under the licence.
(4)  If, in the Minister's opinion, production activities on the area of land comprised in a licence are practicable and commercially feasible, the Minister may, by notice in writing to the licensee, require the licensee to undertake or continue production activities in accordance with the requirements specified in the notice, until the licensee satisfies the Minister that the production activities are no longer practicable or commercially feasible.
(5)  A notice under subsection (4) may require petroleum, or geothermal energy, from the area comprised in the licence to be produced at a rate that is no less than the rate specified in the notice.
(6)  If the holder of a licence fails to proceed with production activities, or a rate of production, as required under the licence or by notice under this section, and has not entered into arrangements satisfactory to the Minister for production activities or a rate of production or use in the future, the Minister may, by written notice to the licensee, revoke the licence.



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