Victorian Consolidated Legislation

Petroleum (Submerged Lands) Act 1982 - SECT 48

Application fee etc.

48. Application fee etc.



(1) An application under section 47 shall be accompanied by-

   (a)  the prescribed fee; and





   (b)  a deposit of 10% of-

   (i)  the amount that the applicant has specified as the amount that the
        applicant would be prepared to pay in respect of the grant of a
        licence to the applicant on the application; or

   (ii) the amount stated by the Minister, in the instrument by which
        applications were invited, as the amount that the applicant will be
        required to pay in respect of the grant of a licence- or a bank
        guarantee for the amount of that deposit.



(2) Subject to subsection (3), if a licence is not granted on the application-

   (a)  the amount of the deposit must be refunded to the applicant; or

   (b)  the bank guarantee is discharged.

(3) Where an applicant on whom there has been served an instrument under
section 49(1) does not request the Minister, under section 49(6), to grant the
licence referred to in the instrument, the deposit shall not be refunded to
the applicant.