Queensland Consolidated Acts

OFFSHORE MINERALS ACT 1998 - SECT 219

(1) A tender sub-block tenure notice for a mining lease must—

(a) specify the sub-blocks to be covered by the tenure; and

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

(c) specify the procedure and criteria that the Minister will adopt to allocate the tenure; and

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

(e) specify the initial term of the tenure; 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 tenure conditions;

may be obtained from the Minister.

(2) Without limiting subsection (1)(c), the Minister may, for that paragraph, specify that the tender will be decided on the basis of either or both of the following—

(a) the nature and extent of the exploration activity proposed to be carried out;

(b) the amount of money offered for the tenure.

(3) The tender sub-block tenure notice may specify not more than 20 sub-blocks for the mining lease.