If the Designated Authority for a Commonwealth - State offshore area refers the application to the Joint Authority under section 142, the Joint Authority may:
(a) subject to section 145, provisionally grant a retention licence to the applicant; or
(b) refuse the application.
Note: Under section 154, the grant of the licence cannot be effective before it is registered (see section 333 for registration). The grant will not be registered until it has been properly accepted (see section 151 for proper acceptance ).