Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Minister may, by written notice, grant a feasibility licence in respect of an area to an eligible person if:
(a) the eligible person applies for the licence under the licensing scheme; and
(b) the area is a declared area, or a part of a declared area, under a declaration at the time the licence is granted; and
(c) the Minister is satisfied that granting the licence would be consistent with any conditions that apply to the declaration; and
(d) the area meets the requirements in subsection (4); and
(e) the Minister is satisfied that the licence meets the merit criteria; and
(f) any other requirements prescribed by the licensing scheme are met.
(2) The licence area of a feasibility licence is the area in respect of which the licence is granted (other than any part of that area that becomes a vacated area).
Note: See the definition of vacated area in section 8.
(3) The notice of grant of a feasibility licence must:
(a) specify the licence area; and
(b) state the day on which the licence comes into force; and
(c) state the end day of the licence; and
(d) specify the conditions that are to apply to the licence; and
(e) include any other matters prescribed by the licensing scheme; and
(f) be given in accordance with the licensing scheme.
(4) The licence area:
(a) must be continuous; and
(b) must not include any part of the licence area of any other feasibility licence or commercial licence; and
(c) must not exceed the maximum area prescribed by the licensing scheme; and
(d) must be entirely within the Commonwealth offshore area at the time the licence is granted.