Document ID: chunk:federal_register_of_legislation:C2024C00828:section:307
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 307
Character Range: 794035–795573

307  Grant of cash‑bid greenhouse gas assessment permit
 (1) If:
 (a) an applicant has been given an offer document under section 305 or 306; and
 (b) the applicant has made a request under section 431 in relation to the offer document within the period applicable under that section; and
 (c) the applicant has paid the specified amount within the period applicable under section 432; and
 (d) if the offer document specified the form and amount of a security to be lodged by the applicant—the applicant has lodged the security within the period applicable under section 433;
the responsible Commonwealth Minister must grant the applicant a greenhouse gas assessment permit over the block or blocks specified in the offer document.
Note 1: If the applicant does not make a request under section 431 within the period applicable under that section, the application lapses at the end of that period—see subsection 431(4).
Note 2: If the applicant has not paid the specified amount within the period applicable under section 432, the application lapses at the end of that period—see section 432.
Note 3: If the applicant has not lodged the security within the period applicable under section 433, the application lapses at the end of that period—see section 433.
 (2) For the purposes of this section, the specified amount is the amount specified in the offer document as the amount that the applicant must pay for the grant of the greenhouse gas assessment permit.

Division 3A—Obtaining a cross‑boundary greenhouse gas assessment permit