Document ID: chunk:federal_register_of_legislation:C2024C00828:section:2
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 2
Character Range: 618592–619278

2               (a) the reserve price determined under section 110 for the grant of the permit is not specified in the notice under subsection 110(1); and                                                                                     section 112 applies as if the lapsed or rejected applicants had not made cash bids under section 111.
                (b) the only remaining cash bids under section 111 (apart from those made by lapsed or rejected applicants) are less than the reserve price

Note: Sections 112, 112A and 112B set out the circumstances in which the Joint Authority may, or must, give an offer document to an applicant for a cash‑bid petroleum exploration permit.