Commonwealth Consolidated Acts Commonwealth Consolidated ActsScope
(1) This section applies if an application for the grant of a greenhouse gas assessment permit has been made under section 296.
Offer document
(2) The responsible Commonwealth Minister may:
(a) give the applicant a written notice (called an offer document ) telling the applicant that the responsible Commonwealth Minister is prepared to grant the applicant a greenhouse gas assessment permit over the block or blocks specified in the offer document; or
(b) by written notice given to the applicant, refuse to grant a greenhouse gas assessment permit to the applicant.
Note 1: Section 430 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).
Note 2: If the applicant breaches a requirement under section 429 to provide further information, the responsible Commonwealth Minister may refuse to give the applicant an offer document--see subsection 429(3).
(2A) In deciding whether to give the applicant an offer document, the responsible Commonwealth Minister:
(a) must have regard to the matters specified in subsection (2B); and
(b) may have regard to any other matters the responsible Commonwealth Minister considers relevant.
(2B) The matters are as follows:
(a) whether the technical advice and financial resources available to the applicant are sufficient to:
(i) carry out the operations and works that will be authorised by the permit; and
(ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the permit;
(b) the matters specified in section 695YB as they apply to the applicant;
(c) if the applicant is a body corporate--the matters specified in section 695YB as they apply to an officer of the body corporate;
(d) any other matters prescribed by the regulations.
Decision must be made within 12 months
(3) The responsible Commonwealth Minister must make a decision under subsection (2) within 12 months after the end of the period specified in the relevant notice under subsection 296(1).