Document ID: chunk:federal_register_of_legislation:C2024C00828:section:4
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 4
Character Range: 306499–308996

4                        (a) 3 or more applications remain unrejected; and                                                                                                one of the applicants who specified the equal highest amount.
                         (b) 2 or more of the amounts specified in the applications under paragraph 115(4)(b) are:
                         (i) equal; and
                         (ii) higher than the amount or amounts specified in the remaining application or applications

 (3A) In deciding whether to give an offer document to the person referred to in column 3 of the table in subsection (3), the Joint Authority:
 (a) must have regard to the matters specified in subsection (3B); and
 (b) may have regard to any other matters the Joint Authority considers relevant.
 (3B) The matters are as follows:
 (a) whether the technical advice and financial resources available to the person 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;
 (b) the matters specified in section 695YB as they apply to the person;
 (c) if the person is a body corporate—the matters specified in section 695YB as they apply to an officer of the body corporate;
 (d) any other matters prescribed by the regulations.
 (4) An offer document given to an applicant must tell the applicant that the Joint Authority is prepared to grant the applicant a petroleum exploration permit over the block or blocks.
Note 1: Section 259 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).
Note 2: If an applicant breaches a requirement under section 258 to provide further information, the Joint Authority may refuse to give the applicant an offer document—see subsection 258(3).
 (5) If:
 (a) an applicant is given an offer document under this section; and
 (b) the application lapses as provided by section 260 or 261; and
 (c) there are one or more remaining unrejected applications;
subsections (3) and (4) of this section apply in relation to the remaining unrejected applications.

Unsuccessful applications
 (6) If the Joint Authority does not give an offer document to an applicant, the Joint Authority must, by written notice given to the applicant, inform the applicant that the application was unsuccessful.