Commonwealth Consolidated Acts

OFFSHORE ELECTRICITY INFRASTRUCTURE ACT 2021 - SECT 32

  (1)   The licensing scheme must prescribe procedures for:

  (a)   eligible persons to be invited to apply for feasibility licences; and

  (b)   eligible persons to apply for feasibility licences; and

  (c)   applications for feasibility licences to be considered; and

  (d)   the Minister to offer to grant feasibility licences.

  (2)   The licensing scheme must require an application for a feasibility licence to describe the proposed commercial offshore infrastructure project for the feasibility licence.

Financial offers

  (3)   The licensing scheme may provide for:

  (a)   the Minister to invite eligible persons that have applied for feasibility licences to submit financial offers in relation to their applications; and

  (b)   the Minister to decide which applicant or applicants to offer to grant licences to on the basis of their financial offers; and

  (c)   such a licence to be granted only if the amount of the financial offer is paid to the Commonwealth.