12Prescribed factors—granting of production licences following tender

12 Prescribed factors—granting of production licences following tender

For the purposes of sections 52(3) and 52A(3) of the Act, the following are prescribed factors—

(a) the likely regional economic, social and environmental risks and impacts of the proposed work program submitted with the application;

(b) the likely regional benefits of the work program relative to its likely risks;

(c) the extent to which these risks and impacts can be managed at the regional level and how the applicant proposes to do this.

Division 2—Petroleum production development plans