Commonwealth Consolidated Acts Commonwealth Consolidated ActsInvitation to apply for a petroleum exploration permit
(1) The Joint Authority may, by notice published in the Gazette :
(a) invite applications for the grant by the Joint Authority of a petroleum exploration permit by way of cash bidding over the block or blocks specified in the notice; and
(b) specify a period within which applications may be made.
(2) If the Joint Authority has published a notice under subsection 104(1) inviting applications for the grant of a petroleum exploration 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 104(1) notice.
Note: Subsection 104(1) deals with work - bid petroleum exploration permits.
(3) A notice under subsection (1) must:
(a) state whether the permit is able to be renewed; and
(b) contain a summary of the conditions to which the permit will be subject; and
(c) specify the matters that the Joint Authority will take into account in deciding under section 111 whether to invite the applicant to make a cash bid.
Reserve price
(3A) Before publishing a notice under subsection (1), the Joint Authority must, in writing, determine a reserve price for the grant of the permit.
(3B) A notice under subsection (1) may specify the reserve price so determined, but does not need to do so.
(3C) A determination under subsection (3A) is not a legislative instrument.
More than one block
(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 petroleum exploration permit
(5) If a notice under subsection (1) specifies more than one block, an application under this section must be for a petroleum exploration permit over all of the specified blocks.
(6) An application under this section must:
(a) be in the approved form; and
(b) be accompanied by any information or documents required by the form.
(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 Joint Authority before the end of the period specified in the notice published under subsection (1).
Note 1: Part 2.10 contains additional provisions about application procedures.
Note 2: Section 256 requires the application to be accompanied by an application fee.
Note 3: Section 258 enables the Titles Administrator to require the applicant to give further information.