Document ID: chunk:federal_register_of_legislation:C2024C00828:section:112b
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 112B
Character Range: 292332–293315

112B  Cash‑bid petroleum exploration permit—tie‑breaking invitation

Scope
 (1) This section applies if the Joint Authority, under section 112A, makes a tie‑breaking invitation to 2 or more tied applicants for the grant of a cash‑bid petroleum exploration permit.

Responses to the tie‑breaking invitation
 (2) Before the end of the period stated in the tie‑breaking invitation, a tied applicant may, by written notice to the Joint Authority, make a further cash bid (a tie‑breaking cash bid) higher than the applicant's previous cash bid.
Note: A tie‑breaking cash bid must be made in an approved manner (see section 255).
 (3) The following table sets out the process for dealing with responses (if any) to the tie‑breaking invitation.

Responses to the tie‑breaking invitation
Item                                      If …                                                                                                                                                      then …