VICIn ForceAct
Petroleum Act 1998
57Minister must not issue licence unless cash bid paid
Start here
Get a plain-English read of 57
Turn the raw legal text into a practical explanation grounded in Petroleum Act 1998.
57 Minister must not issue licence unless cash bid paid
Subject to section 56, if cash bids were made for a production licence, the Minister must not issue the licence to a person unless it has paid the amount it bid for the licence.
Division 4—General provisions