32Applications for feasibility licences

32 Applications for feasibility licences

(1) The licensing scheme must prescribe procedures for: (a) eligible persons to be invited to apply for feasibility licences; and (b) eligible persons to apply for feasibility licences; and (c) applications for feasibility licences to be considered; and (d) the Minister to offer to grant feasibility licences. (2) The licensing scheme must require an application for a feasibility licence to describe the proposed commercial offshore infrastructure project for the feasibility licence. Financial offers (3) The licensing scheme may provide for: (a) the Minister to invite eligible persons that have applied for feasibility licences to submit financial offers in relation to their applications; and (b) the Minister to decide which applicant or applicants to offer to grant licences to on the basis of their financial offers; and (c) such a licence to be granted only if the amount of the financial offer is paid to the Commonwealth.