Underseas Mineral Resources Act 1963. Country/Territory Australia Territorial subdivision Victoria Document type Legislation Date 1963 (2006) Source FAO, FAOLEX Long titleAn Act to make provision with respect to the exploration and exploitation of the mineral resources of the sea bed and the subsoil in certain waters within and beyond the territorial limits of Victoria, and for other purposes. Subject Mineral resources, Sea Keyword Exploration Maritime zone Minerals Mining Deep sea bed Authorization/permit Geographical area Oceania Abstract This Act concerns the exploration and exploitation of mineral resources of the seabed and subsoil in certain waters within and beyond the territorial limits of Victoria. Under section 2, “For the purpose of encouraging the exploration and exploitation of the mineral resources of the sea bed and its subsoil it is hereby declared that the provisions of the Mineral Resources Development Act 1990 extend and apply and shall be deemed to have always extended and applied to the sea bed and its subsoil Full text English Website www.legislation.vic.gov.au