Offshore Minerals Act 1998
sec.84Acceptance of grant of exploration permit over tender sub-blocks
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sec.84 Acceptance of grant of exploration permit over tender sub-blocks
The provisional grant of an exploration permit is properly accepted by the provisional holder if, within 30 days after the day on which the provisional holder is given notice under section 83 , the provisional holder— gives the Minister a written acceptance of the grant; and lodges any security required under section 399 ; and pays the fee that must be paid for the tenure under section 425 ; and if the tender is decided on the basis of the amount of money offered for the tenure—pays to the Minister the amount that the provisional holder offered for the tenure under section 77 (1) (d) . Under section 88 , the grant of the tenure can not be effective before it is registered (see section 333 for registration).
- (a) gives the Minister a written acceptance of the grant; and
- (b) lodges any security required under section 399 ; and
- (c) pays the fee that must be paid for the tenure under section 425 ; and
- (d) if the tender is decided on the basis of the amount of money offered for the tenure—pays to the Minister the amount that the provisional holder offered for the tenure under section 77 (1) (d) .