Document ID: chunk:federal_register_of_legislation:C2024C00638:section:158
Version: federal_register_of_legislation:C2024C00638
Segment Type: section
Provision Reference: s 158
Character Range: 169315–169948

158  Voluntary surrender of blocks if discrete area remains
 (1) A retention 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 187 for the surrender of the whole licence.
 (2) A surrender under subsection (1):
 (a) must be made in a written notice; and
 (b) must identify the blocks surrendered; and
 (c) must be given to the Designated Authority.
Note: The surrender takes effect when it is registered under section 337 (see subsection 337(5)).

Division 5—Application for and grant of renewal of retention licence