Document ID: chunk:federal_register_of_legislation:C2024C00828:section:430
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 430
Character Range: 1173152–1175340

430  Offer documents

Scope
 (1) This section applies to an offer document that relates to an application for:
 (a) the grant or renewal of a greenhouse gas assessment permit; or
 (b) the grant or renewal of a greenhouse gas holding lease; or
 (c) the grant of a greenhouse gas injection licence.

General requirements
 (2) The offer document must contain:
 (a) a summary of the conditions to which the permit, lease or licence will be subject; and
 (b) a statement to the effect that the application will lapse if the applicant does not make a request under section 431 or 431A.

Payment for cash‑bid greenhouse gas assessment permit
 (3) If the offer document relates to an application for the grant of a cash‑bid greenhouse gas assessment permit, the offer document must:
 (a) specify the amount that the applicant must pay for the permit; and
 (b) contain a statement to the effect that the application will lapse if the applicant does not pay the amount to the Commonwealth within the period allowed for making a request under section 431.

Security
 (4) The offer document may:
 (a) specify the form and amount of a security to be lodged by the applicant in respect of compliance with the applicable statutory obligations by the registered holder for the time being of the permit, lease or licence; and
 (b) contain a statement to the effect that the application will lapse if the applicant does not lodge the security with the responsible Commonwealth Minister within the period allowed for making a request under section 431 or 431A.
 (5) For the purposes of subsection (4), the applicable statutory obligations are as follows:
 (a) the obligation of the registered holder to comply with a condition to which the permit, lease or licence is subject;
 (b) the obligation of the registered holder to comply with a direction given to the registered holder by the responsible Commonwealth Minister, NOPSEMA or the Titles Administrator under this Chapter, Chapter 6 or Part 8.1;
 (c) the obligation of the registered holder to comply with the provisions of:
 (i) this Chapter; or
 (ii) Chapter 5; or
 (iia) Chapter 5A; or
 (iii) Chapter 6; or
 (iv) Part 8.1; or
 (v) the regulations.