(1)
Section 120AA(1) is amended as follows:
(a) by
deleting the definitions of “amending Act” and “reversion
licence application”;
(b) by
deleting the definition of “continued licence” and inserting
instead —
“
“continuing licence” means a prospecting
licence, exploration licence or retention licence that has effect in relation
to land to which a reversion licence application applies;
”;
(c) by
deleting the semicolon at the end of the definition of “lease
application” and inserting a full stop instead.
(2)
Section 120AA(2) is amended by deleting “reversion licence
applications” and inserting instead —
“
applications for a prospecting licence or an
exploration licence
”.
(3)
Section 120AA(3)(b)(ii) is amended by deleting “continued”
and inserting instead —
“ continuing ”.
(4) After
section 120AA(7) the following subsections are inserted —
“
(8) An order under subsection (2) has effect despite
any other provision of this Act.
(9) Despite
sections 18, 23 and 27, a reversion licence application may be made in
respect of land that is the subject of a mining tenement if the mining
tenement is a continuing licence held by the applicant.
(10)
Section 40(1)(b) or (c) of the Mining Amendment Act 1990 does not
apply if the land that has become available from an existing licence, as
defined in section 40(3) of that Act, has been included in a
reversion licence
application and a prospecting licence is granted in respect of that
application.