Offshore Minerals Act 1998
sec.217Matters to be decided before applications for mining lease over tender sub-blocks invited
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sec.217 Matters to be decided before applications for mining lease over tender sub-blocks invited
If the Minister proposes to invite applications for the grant of a mining lease over reserved sub-blocks, the Minister must, before inviting the applications, decide— the procedure and criteria that the Minister will adopt to allocate the tenure; and the amount of security that will be required for the tenure under section 399 ; and the initial term of the tenure; and the tenure conditions. The term decided under subsection (1) (c) must not be more than 21 years. (sec.217-ssec.1) If the Minister proposes to invite applications for the grant of a mining lease over reserved sub-blocks, the Minister must, before inviting the applications, decide— the procedure and criteria that the Minister will adopt to allocate the tenure; and the amount of security that will be required for the tenure under section 399 ; and the initial term of the tenure; and the tenure conditions. (sec.217-ssec.2) The term decided under subsection (1) (c) must not be more than 21 years.
- (a) the procedure and criteria that the Minister will adopt to allocate the tenure; and
- (b) the amount of security that will be required for the tenure under section 399 ; and
- (c) the initial term of the tenure; and
- (d) the tenure conditions.