73Matters to be determined before applications for exploration licence over tender blocks invited

#### 73 Matters to be determined before applications for exploration licence over tender blocks invited If the Joint Authority proposes to invite applications for the grant of an exploration licence over reserved blocks, the Joint Authority must, before inviting the applications, determine: (a) the procedure and criteria that the Joint Authority will adopt to allocate the licence; and (b) the amount of security that will be required for the licence under section 399; and (c) the licence conditions.