Document ID: chunk:federal_register_of_legislation:C2024C00828:section:180
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 180
Character Range: 451746–453487

180  Grant of cash‑bid petroleum production licence—2 or more applications

Scope
 (1) This section applies if:
 (a) the Joint Authority publishes a notice under subsection 178(1) inviting applications for the grant of a petroleum production licence over a block; and
 (b) at the end of the period specified in the notice, 2 or more applications have been made under section 178 in relation to the block.

Rejection of applications
 (2) The Joint Authority may reject any or all of the applications.
 (2A) In deciding whether to reject an application, the Joint Authority:
 (a) must have regard to the matters specified in subsection (2B); and
 (b) may have regard to any other matters the Joint Authority considers relevant.
 (2B) 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 licence; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the licence;
 (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.

Unrejected applications
 (3) If the Joint Authority does not reject all of the applications, the table has effect:

Unrejected applications
Item                     If...                                                                                                                                            the Joint Authority may give a written notice (called an offer document) to...