Document ID: chunk:federal_register_of_legislation:C2021A00096:clause:3_337
Version: federal_register_of_legislation:C2021A00096
Segment Type: clause
Provision Reference: sch 3 cl 337
Character Range: 188800–190132

337  Grant of special greenhouse gas holding lease—offer document
  If:
 (a) an application for a special greenhouse gas holding lease has been made under section 336; and
 (b) the responsible Commonwealth Minister 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 lease; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the lease; and
 (c) the responsible Commonwealth Minister is satisfied of the matters (if any) prescribed by the regulations;
the responsible Commonwealth Minister must give the applicant a written notice (called an offer document) telling the applicant that the responsible Commonwealth Minister is prepared to grant the applicant a special greenhouse gas holding lease over the block or blocks covered by the application.
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 429 to provide further information, the responsible Commonwealth Minister may refuse to give the applicant an offer document—see subsection 429(3).