Offshore Minerals Act 1999
73Matters to be determined before applications for exploration licence over tender blocks invited
Start here
Get a plain-English read of 73
Turn the raw legal text into a practical explanation grounded in Offshore Minerals Act 1999.
73 Matters 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 Minister proposes to invite applications for the grant of an exploration licence over reserved blocks, the Minister must, before inviting the applications, determine:
(a) the procedure and criteria that the Minister 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.