Document ID: chunk:federal_register_of_legislation:F2025C00027:reg:16:p2
Version: federal_register_of_legislation:F2025C00027
Segment Type: reg
Provision Reference: reg 16 (pt 2/2)
Character Range: 36781–38251

other; and
(c) applications A and C do not overlap each other; and
(d) the Minister invites each applicant to submit a financial offer; and
(e) applicant A submits the highest offer;
 then:
(f) the Minister may only offer to grant a licence to applicant A; and
(g) if applicant A accepts the offer, and the licence is granted—this section applies again, and the Minister may offer to grant a licence to applicant C; and
(h) if applicant A does not accept the offer—this section applies again, and the Minister may offer to grant a licence to whichever of applicant B or C submitted a higher financial offer.
 (6) If an applicant for a feasibility licence submits a financial offer in relation to the application, the Minister may only grant the licence to the applicant if the amount of the financial offer has been paid to the Commonwealth.
Note: The financial offer must be paid even if, at the time the licence would be granted, there are no overlapping applications (for example, because all other applicants have withdrawn their applications, or in the case mentioned in paragraph (g) of the note to subsection (5)).

Applicants that do not submit financial offers
 (7) For the purposes of subsections (2) and (3), treat an applicant that has not submitted a financial offer as having submitted a financial offer of nil. Subsection (6) does not prevent the Minister granting a feasibility licence to such an applicant.

Subdivision C—Applications for other licences