This Act makes several amendments in the Principal Act, such as in Section 18 regarding Information disclosure in respect of third party information; Section 19 regarding supply of false or misleading information to Authority; Section 55 regarding the denial of prospecting permit; Section 76 regarding the duration of licence; Section 79 on the right of retention arising from exploration licence; Section 86 on renewal of licence; and Section 154 on Seabed Minerals Fund. Schedule 2 of the Principal Act is amended in terms of precautionary approach and best environmental practice, pollution control and management of waste, response to incidents, and reporting requirements. This Act makes a minor amendment in section 36AA(2)(b) of the Environment Act 2003, by omitting “Authority” and substituting “permitting authority”.