Document ID: chunk:federal_register_of_legislation:C2024C00638:section:99
Version: federal_register_of_legislation:C2024C00638
Segment Type: section
Provision Reference: s 99
Character Range: 120968–121514

99  Voluntary surrender of blocks if discrete area remains
 (1) An exploration 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 127 for the surrender of the whole licence.
 (2) A surrender under subsection (1) must:
 (a) be made in writing; and
 (b) identify the blocks surrendered; and
 (c) be given to the Designated Authority.
Note: The surrender takes effect when it is registered under section 337 (see subsection 337(5)).