Document ID: chunk:federal_register_of_legislation:C2025C00179:section:32
Version: federal_register_of_legislation:C2025C00179
Segment Type: section
Provision Reference: s 32
Character Range: 66376–67364

32  Applications for feasibility licences
 (1) The licensing scheme must prescribe procedures for:
 (a) eligible persons to be invited to apply for feasibility licences; and
 (b) eligible persons to apply for feasibility licences; and
 (c) applications for feasibility licences to be considered; and
 (d) the Minister to offer to grant feasibility licences.
 (2) The licensing scheme must require an application for a feasibility licence to describe the proposed commercial offshore infrastructure project for the feasibility licence.

Financial offers
 (3) The licensing scheme may provide for:
 (a) the Minister to invite eligible persons that have applied for feasibility licences to submit financial offers in relation to their applications; and
 (b) the Minister to decide which applicant or applicants to offer to grant licences to on the basis of their financial offers; and
 (c) such a licence to be granted only if the amount of the financial offer is paid to the Commonwealth.