Offshore Petroleum and Greenhouse Gas Storage Act 2010
257Acceptance of offer—payment
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257 Acceptance of offer—payment
(a) an offer document specifies an amount that the applicant must pay to the State for the grant of a cash‑bid petroleum exploration permit; and
(b) the applicant has not paid that amount within the period applicable under column 2 of the table in section 256(1)—
(a) an offer document specifies the balance of the amount that the applicant must pay to the State for the grant of—
(i) a special petroleum exploration permit; or
(ii) a section 177 petroleum production licence; and
(b) the applicant has not paid that balance within the period applicable under column 2 of the table in section 256(1)—