PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 128 Right to tender

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 128

128 Right to tender

(1) An eligible person may tender for a proposed petroleum lease the subject of a call for tenders.

(2) However, the tender—

(a) must comply with the requirements under section 118 for making an ATP-related application; and

(b) must be lodged; and

(c) can not be made—

(i) after the closing time for the call; or

(ii) for only part of the area of the proposed petroleum lease.

(3) Also, if a process for appointing a preferred tenderer involving a cash bid component is to be used for deciding the call, the tender must be accompanied by the tenderer’s cash bid.