Western Australian Current Acts Western Australian Current Acts (1) A tender block
licence notice for an exploration licence must —
(a)
specify the blocks to be covered by the licence; and
(b)
specify the period within which applications may be made; and
(c)
specify the procedure and criteria that the Minister will adopt to allocate
the licence; and
(d)
specify the amount of security that the successful applicant will be required
to lodge; and
(e)
include a statement to the effect that information about —
(i)
the security that the successful applicant will be
required to lodge; and
(ii)
the licence conditions,
may be obtained from
the Minister.
(2) Without limiting
paragraph (c) of subsection (1), the Minister may for the purposes of that
paragraph specify that the tender will be determined on the basis of either or
both of the following —
(a) the
nature and extent of the exploration activity proposed to be carried out;
(b) the
amount of money offered for the licence.
(3) The tender block
licence notice may specify not more than 500 blocks for the exploration
licence.