306Application for cash‑bid greenhouse gas assessment permit

306 Application for cash‑bid greenhouse gas assessment permit

(a) invite applications by way of cash bidding for the grant of a greenhouse gas assessment permit over the block or blocks specified in the notice; and

(2) If the Minister has published a notice under section 297(1) inviting applications for the grant of a greenhouse gas assessment permit over a block, the block must not be specified in a notice under subsection (1) of this section at any time during the period specified in the section 297(1) notice.

Section 297(1) deals with work‑bid greenhouse gas assessment permits.

(3) A notice under subsection (1) must—

(a) contain a summary of the conditions to which the permit will be subject; and

(b) specify the matters that the Minister will take into account in deciding whether to reject an application.

(4) If a notice under subsection (1) specifies more than one block, those blocks must be constituted by graticular sections that—

(b) are such that each graticular section in that area has a side in common with at least one other graticular section in that area.

(5) If a notice under subsection (1) specifies more than one block, an application under this section must be for a greenhouse gas assessment permit over all of the specified blocks.

(6) An application under this section must—