310Grant of cash‑bid greenhouse gas assessment permit

310 Grant of cash‑bid greenhouse gas assessment permit

(a) an applicant has been given an offer document under section 308 or 309; and

(b) the applicant has made a request under section 463 in relation to the offer document within the period applicable under that section; and

(c) the applicant has paid the specified amount within the period applicable under section 464; and

(d) if the offer document specified the form and amount of a security to be lodged by the applicant—the applicant has lodged the security within the period applicable under section 465—

the Minister must grant the applicant a greenhouse gas assessment permit over the block or blocks specified in the offer document.

1 If the applicant does not make a request under section 463 within the period applicable under that section, the application lapses at the end of that period—see section 463(4).

2 If the applicant has not paid the specified amount within the period applicable under section 464, the application lapses at the end of that period—see section 464.

3 If the applicant has not lodged the security within the period applicable under section 465, the application lapses at the end of that period—see section 465.

(2) For the purposes of this section, the specified amount is the amount specified in the offer document as the amount that the applicant must pay for the grant of the greenhouse gas assessment permit.

Division 4—Renewal of greenhouse gas assessment permits