Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 105

Scope

  (1)   This section applies if an application for the grant of a petroleum exploration permit has been made under section   104.

Offer document

  (2)   The Joint Authority may:

  (a)   give the applicant a written notice (called an offer document ) telling the applicant that the Joint Authority is prepared to grant the applicant a petroleum exploration permit over the block or blocks specified in the offer document; or

  (b)   by written notice given to the applicant, refuse to grant a petroleum exploration permit to the applicant.

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 the 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).

  (3)   In deciding whether to give the applicant an offer document, the Joint Authority:

  (a)   must have regard to the matters specified in subsection   (4); and

  (b)   may have regard to any other matters the Joint Authority considers relevant.

  (4)   The matters are as follows:

  (a)   whether 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;

  (b)   the matters specified in section   695YB as they apply to the applicant;

  (c)   if the applicant 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.