Document ID: chunk:federal_register_of_legislation:C2020A00043:clause:1_342b
Version: federal_register_of_legislation:C2020A00043
Segment Type: clause
Provision Reference: sch 1 cl 342B
Character Range: 141951–143196

342B  Grant of special cross‑boundary greenhouse gas holding lease—offer document

Scope
 (1) This section applies if an application for a special cross‑boundary greenhouse gas holding lease has been made under section 342A.

Offer document
 (2) The Cross‑boundary Authority must give the applicant a written notice (called an offer document) telling the applicant that the Cross‑boundary Authority is prepared to grant the applicant a special cross‑boundary greenhouse gas holding lease over the block or blocks covered by the application, so long as:
 (a) in a case where part of the lease area would be in the coastal waters of a State—the State has consented to the giving of the offer document; or
 (b) in a case where part of the lease area would be in the coastal waters of the Northern Territory—the Northern Territory has consented to the giving of the offer document.
Note 1: Section 430 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).
Note 2: If the applicant breaches a requirement under section 429A to provide further information, the Cross‑boundary Authority may refuse to give the applicant an offer document—see subsection 429A(4).