Merit criteria for a feasibility licence
34 Merit criteria for a feasibility licence
For the purposes of this Act, a feasibility licence held or applied for by an eligible person meets the merit criteria if:
the eligible person is likely to have, or be able to arrange to have, the technical and financial capability to carry out the proposed commercial offshore infrastructure project for the feasibility licence; and
the proposed commercial offshore infrastructure project is likely to be viable; and
the eligible person is suitable to hold the licence; and
any criteria prescribed by the licensing scheme are satisfied.
The licensing scheme may provide for:
matters that may or must be considered in any decision under this Act about whether a feasibility licence meets the merit criteria; and
the suitability of an eligible person to hold a feasibility licence to be assessed with regard to the suitability of other persons (including another person that controls the eligible person); and
procedures for making decisions under this Act about whether a feasibility licence meets the merit criteria.
This Act’s bill:Explanatory memorandumSecond reading speech
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