Commonwealth Consolidated Acts Commonwealth Consolidated ActsScope
(1) This section applies to an offer document that relates to an application for:
(a) the grant or renewal of a greenhouse gas assessment permit; or
(b) the grant or renewal of a greenhouse gas holding lease; or
(c) the grant of a greenhouse gas injection licence.
General requirements
(2) The offer document must contain:
(a) a summary of the conditions to which the permit, lease or licence will be subject; and
(b) a statement to the effect that the application will lapse if the applicant does not make a request under section 431 or 431A.
Payment for cash - bid greenhouse gas assessment permit
(3) If the offer document relates to an application for the grant of a cash - bid greenhouse gas assessment permit, the offer document must:
(a) specify the amount that the applicant must pay for the permit; and
(b) contain a statement to the effect that the application will lapse if the applicant does not pay the amount to the Commonwealth within the period allowed for making a request under section 431.
Security
(4) The offer document may:
(a) specify the form and amount of a security to be lodged by the applicant in respect of compliance with the applicable statutory obligations by the registered holder for the time being of the permit, lease or licence; and
(b) contain a statement to the effect that the application will lapse if the applicant does not lodge the security with the responsible Commonwealth Minister within the period allowed for making a request under section 431 or 431A.
(5) For the purposes of subsection (4), the applicable statutory obligations are as follows:
(a) the obligation of the registered holder to comply with a condition to which the permit, lease or licence is subject;
(b) the obligation of the registered holder to comply with a direction given to the registered holder by the responsible Commonwealth Minister, NOPSEMA or the Titles Administrator under this Chapter, Chapter 6 or Part 8.1;
(c) the obligation of the registered holder to comply with the provisions of:
(i) this Chapter; or
(ii) Chapter 5; or
(iia) Chapter 5A; or
(iii) Chapter 6; or
(iv) Part 8.1; or
(v) the regulations.