Document ID: chunk:federal_register_of_legislation:C2024C00828:section:105
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 105
Character Range: 272551–274367

105  Grant of work‑bid petroleum exploration permit—offer document

Scope
 (1) This section applies if an application for the grant of a petroleum exploration permit has been made under section 104.

Offer document
 (2) The Joint Authority may:
 (a) give the applicant a written notice (called an offer document) telling the applicant that the Joint Authority is prepared to grant the applicant a petroleum exploration permit over the block or blocks specified in the offer document; or
 (b) by written notice given to the applicant, refuse to grant a petroleum exploration permit to the applicant.
Note 1: Section 259 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).
Note 2: If the applicant breaches a requirement under section 258 to provide further information, the Joint Authority may refuse to give the applicant an offer document—see subsection 258(3).
 (3) In deciding whether to give the applicant an offer document, the Joint Authority:
 (a) must have regard to the matters specified in subsection (4); and
 (b) may have regard to any other matters the Joint Authority considers relevant.
 (4) The matters are as follows:
 (a) whether the technical advice and financial resources available to the applicant are sufficient to:
 (i) carry out the operations and works that will be authorised by the permit; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the permit;
 (b) the matters specified in section 695YB as they apply to the applicant;
 (c) if the applicant is a body corporate—the matters specified in section 695YB as they apply to an officer of the body corporate;
 (d) any other matters prescribed by the regulations.