34Merit criteria for a feasibility licence

34 Merit criteria for a feasibility licence

(1) For the purposes of this Act, a feasibility licence held or applied for by an eligible person meets the merit criteria if: (a) the eligible person is likely to have, or be able to arrange to have, the technical and financial capability to carry out the proposed commercial offshore infrastructure project for the feasibility licence; and (b) the proposed commercial offshore infrastructure project is likely to be viable; and (c) the eligible person is suitable to hold the licence; and (d) any criteria prescribed by the licensing scheme are satisfied. (2) The licensing scheme may provide for: (a) matters that may or must be considered in any decision under this Act about whether a feasibility licence meets the merit criteria; and (b) the suitability of an eligible person to hold a feasibility licence to be assessed with regard to the suitability of other persons (including another person that controls the eligible person); and (c) procedures for making decisions under this Act about whether a feasibility licence meets the merit criteria.