462Offer documents

462 Offer documents

(1) This section applies to an offer document that relates to an application for—

(c) the grant of a greenhouse gas injection licence.

(2) The offer document must contain—

(a) a summary of the conditions to which the permit, lease or licence will be subject; and

(b) a statement to the effect that the application will lapse if the applicant does not make a request under section 463.

(3) If the offer document relates to an application for the grant of a cash‑bid greenhouse gas assessment permit, the offer document must—

(a) specify the amount that the applicant must pay for the permit; and

(b) contain a statement to the effect that the application will lapse if the applicant does not pay the amount to the Commonwealth within the period allowed for making a request under section 463.

(4) The offer document may—

(a) specify the form and amount of a security to be lodged by the applicant in respect of compliance with the applicable statutory obligations by the registered holder for the time being of the permit, lease or licence; and

(b) contain a statement to the effect that the application will lapse if the applicant does not lodge the security with the Minister within the period allowed for making a request under section 463.

(5) For the purposes of subsection (4), the applicable statutory obligations are as follows—

(a) the obligation of the registered holder to comply with a condition to which the permit, lease or licence is subject;

(b) the obligation of the registered holder to comply with a direction given to the registered holder by the Minister under this Chapter, Chapter 6 or Part 8.1;

(c) the obligation of the registered holder to comply with the provisions of—

(v) the regulations.