Part 4Natural resource permits
Market-based allocation processes and comparative permitting processes: Market-based allocation process
206When right to apply lapses
A right to apply lapses on the close of 2 years after it was issued (the 2-year date) unless—
- the holder of the right has, within the 2-year period obtained a relevant natural resource permit (and as a consequence the right to apply lapses when the permit is issued); or
- the situation described in subsection (2) has occurred and as a consequence the right to apply lapses when the time for lodging an appeal expires or the decision of the court on appeal has been given (as the case may be).
The situation referred to in subsection (1)(b) is as follows:
- the holder of the right has lodged an application for a relevant permit with the permit authority before the 2-year date; and
- on the 2-year date—
- the regional council has not made a decision; or
- the regional council has made a decision but the time for lodging appeals to the Planning Tribunal or the Environment Court has not expired; or
- an appeal has been lodged but the court has not made a decision on that appeal.
- the regional council has not made a decision; or



