Document ID: chunk:federal_register_of_legislation:C2024C00828:section:303
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 303
Character Range: 783273–785802

303  Application for cash‑bid greenhouse gas assessment permit

Invitation to apply for a greenhouse gas assessment permit
 (1) The responsible Commonwealth Minister may, by notice published in the Gazette:
 (a) invite applications by way of cash bidding for the grant of a greenhouse gas assessment permit over the block or blocks specified in the notice; and
 (b) specify a period within which applications may be made.
 (2) If the responsible Commonwealth Minister has published a notice under subsection 296(1) inviting applications for the grant of a greenhouse gas assessment permit over a block, the block must not be specified in a notice under subsection (1) of this section at any time during the period specified in the subsection 296(1) notice.
Note: Subsection 296(1) deals with work‑bid greenhouse gas assessment permits.
 (3) A notice under subsection (1) must:
 (a) contain a summary of the conditions to which the permit will be subject; and
 (b) specify the matters that the responsible Commonwealth Minister will take into account in deciding whether to reject an application.
 (4) If a notice under subsection (1) specifies more than one block, those blocks must be constituted by graticular sections that:
 (a) constitute a single area; and
 (b) are such that each graticular section in that area has a side in common with at least one other graticular section in that area.

Application for greenhouse gas assessment permit
 (5) If a notice under subsection (1) specifies more than one block, an application under this section must be for a greenhouse gas assessment permit over all of the specified blocks.
 (6) An application under this section must:
 (a) be in the approved form; and
 (aa) be accompanied by any information or documents required by the form; and
 (b) specify the amount that the applicant would be prepared to pay for the grant of the permit.
 (7) If the approved form requires the application to be accompanied by information or documents, an application under this section is taken to be accompanied by the information or documents if the information or documents are given to the responsible Commonwealth Minister before the end of the period specified in the notice published under subsection (1).
Note 1: Part 3.8 contains additional provisions about application procedures.
Note 2: Section 427 requires the application to be accompanied by an application fee.
Note 3: Section 429 enables the responsible Commonwealth Minister to require the applicant to give further information.