Victorian Consolidated Legislation

Petroleum (Submerged Lands) Act 1982 - SECT 43

Notification as to grant of licence

43. Notification as to grant of licence



(1) If-

   (a)  an application has been made under section 40 or 40A; and

   (b)  the applicant has given any further information as and when required
        by the Minister under section 41(2); and

   (c)  the Minister is satisfied that the area comprised in the block, or any
        one or more of the blocks, specified in the application contains
        petroleum-

the Minister must, by instrument in writing served on the applicant, tell the
applicant that the Minister is prepared to grant to the applicant a licence in
respect of the block or blocks as to which the Minister is satisfied as
mentioned in paragraph (c).

(2) An instrument under subsection (1) must-

   (a)  contain a summary of the conditions subject to which the licence is to
        be granted; and

   (b)  if the instrument relates to a secondary licence-specify the rate of
        royalty determined by the Minister under section 42(1); and

   (c)  contain a statement to the effect that the application will lapse if
        the applicant does not make a request under section 44(1) in respect
        of the grant of the licence.

(3) If the Minister decides not to grant to the applicant a licence in respect
of the block, or any of the blocks, specified in the application because-

   (a)  the applicant has failed to comply with a requirement made by the
        Minister under section 41(2); or

   (b)  the Minister is not satisfied that the area comprised in the block, or
        any of the blocks, contains petroleum-

the Minister must, by instrument in writing served on the applicant, tell the
applicant of the Minister's decision and the reasons for the decision.