Document ID: chunk:federal_register_of_legislation:C2024C00828:section:112a
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 112A
Character Range: 290125–290956

112A  Cash‑bid petroleum exploration permit—highest cash bids at or over the reserve price

Scope
 (1) This section applies in relation to a cash bid (a qualifying cash bid) under section 111 by an eligible applicant for the grant of a cash‑bid petroleum exploration permit that is equal to or higher than the reserve price determined under section 110.

Issue of offer documents etc.
 (2) The following table sets out the circumstances in which the Joint Authority must give an offer document, or an invitation to make a tie‑breaking cash bid, to an eligible applicant who makes a qualifying cash bid.

Issue of offer documents or tie‑breaking invitations
Item                                                  If …                                                                                         the Joint Authority must …