(a) must be lodged with the Secretary in
accordance with the invitation for the tender, and
(b) must be accompanied by
the required information, and
(c) must be accompanied by the lodgment fee
prescribed by the regulations.
Note : Section 129A requires a tender for a
mining lease to be accompanied by a proposed work program.
(2) The required
information is as follows--
(a) particulars of the financial resources and
relevant technical advice available to the tenderer,
(c) any other
information that is specified in the tender invitation.
(3) A tender may
specify that, in the event that the tender is successful, the tenderer will
pay--
(a) a specified amount, or
(b) royalty, at a specified rate, over and
above the royalty payable under Part 14, or
(c) both such an amount and
royalty at such a rate,
in addition to the cash reserve price (if any)
specified in the invitation for the tender.
(4) A tender may also specify--
(a) whether or not an amount referred to in subsection (3) (a) will be paid by
way of instalments, and
(b) if such an amount is to be paid by way of
instalments--the period (not exceeding 5 years) within which the amount will
be paid.
(5) A tenderer is entitled to a refund of the fee referred to in
subsection (1) (c) if a mining lease is not granted to the tenderer as a
consequence of the tenderer being refused development consent to the use of
the land concerned, or any part of the land, for the purpose of obtaining
minerals.
