Document ID: chunk:federal_register_of_legislation:C2024A00067:clause:3_5
Version: federal_register_of_legislation:C2024A00067
Segment Type: clause
Provision Reference: sch 3 cl 5
Character Range: 68608–69279

5  After section 40‑215
Insert:

40‑217  Cost of partial continuations of mining, quarrying or prospecting rights
  If:
 (a) because of subsection 40‑30(6), this Division applies to a *mining, quarrying or prospecting right (the new right) as if it were a continuation of another mining, quarrying or prospecting right you *held; and
 (b) the new right satisfies the condition in subparagraph (b)(ii) of that subsection because it relates to an area that is a part of the area that the other right relates to;
the first element of the cost of the new right is a reasonable proportion of the *adjustable value of other right at the time just before the other right ends.