44Merit criteria for a commercial licence

44 Merit criteria for a commercial licence

(1) For the purposes of this Act, a commercial licence held or applied for by an eligible person meets the merit criteria if: (a) the eligible person has the technical and financial capability to carry out the offshore infrastructure project that is to be carried out under the licence; and (b) the 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 commercial licence meets the merit criteria; and (b) the suitability of an eligible person to hold a commercial 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 commercial licence meets the merit criteria; and (d) how subsection (1) is to be applied to an offshore infrastructure project that has begun to be, or is being, carried out.