(1) The Minister may require a preferred tenderer for the call for tenders to--
(a) pay any amounts necessarily incurred or to be incurred to enable the GHG lease to be granted; and
(b) to do all or any of the following within a stated reasonable period--
(i) pay the annual rent for the first year of the GHG lease;
(ii) give security for the GHG lease as required under section 271.
(2) If a preferred tenderer does not--
(a) comply with a requirement under subsection (1); or
(b) do all things reasonably necessary to allow a GHG lease to be granted to the tenderer;
the Minister may appoint another tenderer to be the preferred tenderer.