OFFSHORE MINERALS ACT 1994 - SECT 74 Joint Authority may invite applications for exploration licence over tender blocks
OFFSHORE MINERALS ACT 1994 - SECT 74
Joint Authority may invite applications for exploration licence over tender blocks(1) Subject to subsection ( 2), the Joint Authority may invite applications for the grant of an exploration licence over reserved blocks.
(2) Applications may be invited for a licence covering a group of reserved blocks only if the group forms a discrete area.
(3) The Joint Authority is to invite applications by publishing
a tender block licence notice for the licence in the Gazette.