Geothermal Energy Retention Lease - Victoria

Service summary

You will require this lease if you discover geothermal energy under an exploration permit that is not commercially viable, but is likely to be commercially viable within 15 years.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this lease, you must:

  • apply using the prescribed application form
  • provide details of the area in which the lease is sought
  • show the area is not commercially viable at the time of application but that it will become viable within the next 15 years
  • provide all required information and documentation to the relevant authority
  • pay the prescribed fees.

Please consult the responsible agency for more information regarding eligibility requirements.

Prerequisites

Duration

Duration of lease is for 15 years unless otherwise cancelled or suspended, or unless it becomes commercial. It cannot be renewed.

Fees

 TypeAmountDescription
ApplyApplication$7,876.10

Fees for 2016-17.

Licence$1,742.50

Fees for 2016-17.

TransferTransfer$1,603.10

Fees for 2016-17.

Forms

 Resources
Apply

Application for a Geothermal Energy Retention Lease - Please contact the responsible agency for application forms and registration details.

Application

Apply

Please submit your application and any other attachments with the relevant Authority.


Approval time

Your application for a retention lease must be made at least 90 days before an exploration permit is due to expire.

Administering agency

Energy and Earth Resources

Act(s) name

Geothermal Energy Resources Act 2005 (Victoria)

Regulation(s) name

Geothermal Energy Resources Regulations 2016 (Victoria)

Contact details

Licensing Officer
Energy and Earth Resources


Phone:

136186
customer.service@ecodev.vic.gov.au

Website:

http://www.energyandresources.vic.gov.au/ Opens in a new browser window

Disclaimer

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