Document ID: chunk:federal_register_of_legislation:C2021A00096:clause:3_15
Version: federal_register_of_legislation:C2021A00096
Segment Type: clause
Provision Reference: sch 3 cl 15
Character Range: 123362–124337

15  Subsection 125(2)
Repeal the subsection (not including the heading or the note):
 (2) If:
 (a) each of the following has been complied with:
 (i) the conditions to which the petroleum exploration permit is, or has from time to time been, subject;
 (ii) the provisions of this Chapter, Chapter 4, Chapter 6 and Part 7.1;
 (iii) the regulations; and
 (b) 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 permit; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the permit; and
 (c) 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 permit.