Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 219

             (1)  A tender block licence notice for a mining licence must:

                     (a)  specify the blocks to be covered by the licence; and

                     (b)  specify the period within which applications may be made; and

                     (c)  specify the procedure and criteria that the Joint Authority will adopt to allocate the licence; and

                     (d)  specify the amount of security that the successful applicant will be required to lodge; and

                     (e)  specify the initial term of the licence; and

                      (f)  include a statement to the effect that information about:

                              (i)  the security that the successful applicant will be required to lodge; and

                             (ii)  the licence conditions;

                            may be obtained from the Designated Authority.

             (2)  The tender block licence notice may specify not more than 20 blocks for the mining licence.