Victorian Consolidated Legislation

Petroleum (Submerged Lands) Act 1982 - SECT 47

Application for licence in respect of surrendered etc. blocks

47. Application for licence in respect of surrendered etc. blocks



(1) Where-

   (a)  a licence is surrendered or cancelled as to a block; or

   (b)  a permit or lease is surrendered, cancelled or determined as to a
        block-

   (i)  that, at the time of the surrender, cancellation or determination,
        was, or was included in, a location; and

   (ii) in which, in the opinion of the Minister, there is petroleum- the
        Minister may, at any subsequent time, by instrument published in the
        Gazette-

   (c)  invite applications for the grant of a licence in respect of that
        block; and

   (d)  specify a period within which applications may be made.

(2) The Minister shall, in an instrument under subsection (1), state-

   (a)  that an applicant is required to specify an amount that the applicant
        would be prepared to pay in respect of the grant of a licence on the
        application; or



   (b)  that an applicant is required to specify a rate of royalty that the
        applicant would be prepared to pay if a licence were granted on the
        application, in respect of petroleum recovered under the licence,
        being a rate that exceeds 10 per centum of the value at the well-head
        of that petroleum.

(3) Where the Minister, in an instrument under subsection (1), states that an
applicant is required to specify a rate of royalty as mentioned in paragraph
(b) of subsection (2), the Minister may, in that instrument, state that an
applicant on whose application the Minister is prepared to grant a licence
will also be required to pay to the Minister, in respect of the grant of the
licence to the applicant, the amount specified in that behalf in that
instrument.



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(6) An application under this section-



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   (b)  shall be made in an approved manner;

   (c)  shall be accompanied by the particulars referred to in section
        41(1)(c);

   (d)  in the case of an application under subsection (1), shall specify, in
        accordance with the requirement in the instrument by which
        applications were invited, the amount or the rate of royalty that the
        applicant would be prepared to pay; and



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   (f)  may set out any other matters that the applicant wishes the Minister
        to consider.

(7) The Minister may, at any time, by instrument in writing served on the
applicant, require the applicant to furnish, within the period specified in
the instrument, further information in connexion with the application.