180Grant of cash‑bid petroleum production licence—2 or more applications

180 Grant of cash‑bid petroleum production licence—2 or more applications

Scope (1) This section applies if: (a) the Joint Authority publishes a notice under subsection 178(1) inviting applications for the grant of a petroleum production licence over a block; and (b) at the end of the period specified in the notice, 2 or more applications have been made under section 178 in relation to the block. Rejection of applications (2) The Joint Authority may reject any or all of the applications. (2A) In deciding whether to reject an application, the Joint Authority: (a) must have regard to the matters specified in subsection (2B); and (b) may have regard to any other matters the Joint Authority considers relevant. (2B) The matters are as follows: (a) whether the technical advice and financial resources available to the applicant are sufficient to: (i) carry out the operations and works that will be authorised by the licence; and (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the licence; (b) the matters specified in section 695YB as they apply to the applicant; (c) if the applicant is a body corporate—the matters specified in section 695YB as they apply to an officer of the body corporate; (d) any other matters prescribed by the regulations. Unrejected applications (3) If the Joint Authority does not reject all of the applications, the table has effect:

<table cellspacing="0" cellpadding="0" style="margin-left:0.05pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:343.65pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">Unrejected applications</span></p></td></tr><tr><td style="width:25pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">Item</span></p></td><td style="width:123.65pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">If...</span></p></td><td style="width:173.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">the Joint Authority may give a written notice (called an </span><span style="font-weight:bold; font-style:italic">offer document</span><span style="font-weight:bold">) to...</span></p></td></tr></thead><tbody><tr><td style="width:25pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:123.65pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>only one application remains unrejected</span></p></td><td style="width:173.6pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>the applicant.</span></p></td></tr><tr><td style="width:25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:123.65pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tablea"><span>(a) 2 or more applications remain unrejected; and</span></p><p class="Tablea"><span>(b) the amounts specified in the applications under paragraph</span><span> </span><span>178(3)(b) are equal</span></p></td><td style="width:173.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>one of those applicants.</span></p></td></tr><tr><td style="width:25pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:123.65pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tablea"><span>(a) 2 or more applications remain unrejected; and</span></p><p class="Tablea"><span>(b) the amounts specified in the applications under paragraph</span><span> </span><span>178(3)(b) are not equal; and</span></p><p class="Tablea"><span>(c) the amount specified in one of the applications is higher than the amount or amounts specified in the remaining application or applications</span></p></td><td style="width:173.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>whichever of those applicants specified the highest amount.</span></p></td></tr><tr><td style="width:25pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:123.65pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tablea"><span>(a) 3 or more applications remain unrejected; and</span></p><p class="Tablea"><span>(b) 2 or more of the amounts specified in the applications under paragraph</span><span> </span><span>178(3)(b) are:</span></p><p class="Tablei"><span>(i) equal; and</span></p><p class="Tablei"><span>(ii) higher than the amount or amounts specified in the remaining application or applications</span></p></td><td style="width:173.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Tabletext"><span>one of the applicants who specified the equal highest amount.</span></p></td></tr></tbody></table>