15Financial offers for feasibility licences

15 Financial offers for feasibility licences

(1) This section applies if the Minister determines that a group of 2 or more applications for feasibility licences forms a financial offer group. Financial offers for feasibility licences (2) The Minister may, in writing, invite the applicants to submit financial offers in relation to their applications. (3) The invitation to submit financial offers: (a) must: (i) include information on how the offers are to be made; and (ii) specify the day on or before which the offers must be made; and (iii) require the applicants to substantiate their ability to pay amounts offered; and (iv) set out the effect of section 16; and (b) may specify other requirements to be addressed in the submission of the financial offer. (4) A financial offer in relation to an application for a feasibility licence must: (a) be made in writing to the Registrar; and (b) be made on or before the day specified in the invitation under subparagraph (3)(a)(ii); and (c) address any other requirements specified in the invitation.