Document ID: chunk:federal_register_of_legislation:C2024C00828:section:185:p2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 185 (pt 2/2)
Character Range: 470438–472112

the applicant that the Joint Authority is prepared to renew the licence.
Note: Section 259 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).

Offer document—non‑compliance with conditions etc., sufficient grounds to warrant renewal
 (4) If:
 (a) any of:
 (i) the conditions to which the petroleum production licence is, or has from time to time been, subject; or
 (ii) the provisions of this Chapter, Chapter 4, Chapter 5A, Chapter 6 and Part 7.1; or
 (iii) the provisions of the regulations;
  have not been complied with; and
 (b) the Joint Authority is satisfied that there are sufficient grounds to warrant the renewal of the petroleum production licence;
the Joint Authority may give the applicant a written notice (called an offer document) telling the applicant that the Joint Authority is prepared to renew the licence.
 (5) Without limiting paragraph (4)(b), in deciding whether to be satisfied that there are sufficient grounds to warrant the granting of the renewal of the licence, the Joint Authority must have regard to:
 (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; and
 (b) any other matters prescribed by the regulations.
Note: Section 259 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).