53Tenders

#### 53 Tenders 53 Tenders > > (1) A tender for a mining lease— > > > > > (a) must be lodged with the Secretary in accordance with the invitation for the tender, and > > > > > (b) must be accompanied by the required information, and > > > > > (c) must be accompanied by the lodgment fee prescribed by the regulations. > > > > Note. > > > > Section 129A requires a tender for a mining lease to be accompanied by a proposed work program. > > > (2) The required information is as follows— > > > > > (a) particulars of the financial resources and relevant technical advice available to the tenderer, > > > > > (b) (Repealed) > > > > > (c) any other information that is specified in the tender invitation. > > > (3) A tender may specify that, in the event that the tender is successful, the tenderer will pay— > > > > > (a) a specified amount, or > > > > > (b) royalty, at a specified rate, over and above the royalty payable under Part 14, or > > > > > (c) both such an amount and royalty at such a rate, > > > > in addition to the cash reserve price (if any) specified in the invitation for the tender. > > > (4) A tender may also specify— > > > > > (a) whether or not an amount referred to in subsection (3) (a) will be paid by way of instalments, and > > > > > (b) if such an amount is to be paid by way of instalments—the period (not exceeding 5 years) within which the amount will be paid. > > > (5) A tenderer is entitled to a refund of the fee referred to in subsection (1) (c) if a mining lease is not granted to the tenderer as a consequence of the tenderer being refused development consent to the use of the land concerned, or any part of the land, for the purpose of obtaining minerals. > > **s 53:** Am 1996 No 137, Sch 1 \[15\]; 2008 No 19, Sch 1 \[45\]–\[47\]; 2015 No 40, Sch 1 \[29\] \[30\].