Geothermal Energy Retention Lease - Victoria

Description

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 fifteen 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 that the area is not commercially viable at the time of application but that it will become viable within the next fifteen years
  • provide all required information and documentation to the relevant authority
  • pay the prescribed fees.

Prerequisites

Duration

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

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the responsible agency for information on fees to be submitted with your application.

Forms

Act(s) name

Geothermal Energy Resources Act 2005 Victoria

Regulation(s) name

Geothermal Energy Resources Regulations 2016 Victoria

Application process

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.

Transfer

Please consult the responsible agency for more information.

Administering agency

Department of Jobs, Skills, Industry and Regions

Earth Resources

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.