Document ID: chunk:federal_register_of_legislation:C2024C00828:section:185:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 185 (pt 1/2)
Character Range: 467855–470718

185  Renewal of fixed‑term petroleum production licence—offer document

Scope
 (1) This section applies if an application to renew a fixed‑term petroleum production licence has been made under section 184.

Offer document—compliance with conditions etc., first renewal
 (2) If:
 (a) each of the following has been complied with:
 (i) the conditions to which the petroleum production licence is, or has from time to time been, subject;
 (ii) the provisions of this Chapter, Chapter 4, Chapter 5A, Chapter 6 and Part 7.1;
 (iii) the regulations; and
 (b) the application is for the first renewal of the petroleum production licence; and
 (c) the Joint Authority is satisfied that 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
 (d) the Joint Authority is satisfied of the matters (if any) prescribed by the regulations;
the Joint Authority must give the applicant a written notice (called an offer document) telling 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—compliance with conditions etc., second renewal, recovery of petroleum
 (3) If:
 (a) each of the following has been complied with:
 (i) the conditions to which the petroleum production licence is, or has from time to time been, subject;
 (ii) the provisions of this Chapter, Chapter 4, Chapter 5A, Chapter 6 and Part 7.1;
 (iii) the regulations; and
 (b) both:
 (i) the application is for the second renewal of the petroleum production licence; and
 (ii) petroleum recovery operations have been carried on in the licence area within 5 years before the application for the renewal was made; and
 (c) the Joint Authority is satisfied that 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
 (d) the Joint Authority is satisfied of the matters (if any) prescribed by the regulations;
the Joint Authority must give the applicant a written notice (called an offer document) telling 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