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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 38 Right to terminate call for tenders

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 38

Right to terminate call for tenders

38 Right to terminate call for tenders

(1) The Minister may, by gazette notice, terminate a call for tenders at any time before deciding to grant an authority to prospect to a person who has made a tender in response to the call.
(2) All tenders in response to the call lapse when the call is terminated.
(3) No amount, whether by way of compensation, reimbursement or otherwise is payable by the State to any person for or in connection with the termination.
(4) However, subject to sections 40 (4) and 845 (5) , the Minister must refund any tender security given by the tenderer.