43Notice of offer of aquaculture leases by auction, public tender or ballot

43 Notice of offer of aquaculture leases by auction, public tender or ballot

43 Notice of offer of aquaculture leases by auction, public tender or ballot

(1) If, after considering any written submissions under section 42(5), the Minister decides to offer the lease by auction, public tender or ballot, the Minister must publish a notice (a lease offer notice)—

(a) in the Gazette, and

(b) on a publicly available website administered by the Department.

(2) The lease offer notice must include the following information—

(a) whether the area is offered for lease by auction, public tender or ballot,

(b) the persons, or class of persons, eligible to participate in the auction, public tender or ballot,

(c) a description sufficient to identify the area offered for lease,

(d) the term of the lease,

(e) the way in which details of proposed covenants and conditions may be obtained,

(f) the proposed annual rent under the lease,

(g) if the lease is offered by auction—

(i) the date, time and place of the auction, and

(ii) the date by which persons must apply to the Minister for approval as a registered bidder at the auction, and

(iii) the criteria for eligibility for, and how to apply for, approval as a registered bidder at the auction, and

(iv) the minimum premium that registered bidders may offer at the auction (the reserve premium),

(h) if the lease is offered by public tender—

(i) the closing date and time for submitting tenders, and

(ii) the place at which tenders must be submitted, and

(iii) the criteria for eligibility to participate in the tender, and

(iv) the minimum premium that tenderers may offer under a tender,

(i) if the lease is offered by ballot—