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Geothermal Energy Retention Lease - Victoria

Description

You may need a retention lease if you have discovered geothermal resources within an exploration permit area.

A retention lease allows the holder to retain exclusive rights to a geothermal energy discovery, if the geothermal energy is not currently commercially viable to develop, but might become 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 provide details of the area in which the lease is sought. Use the contact details for information about eligibility requirements.

Prerequisites

Must Have

Geothermal Energy Exploration Permit

Duration

15 years

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Use the contact details for information on fees to be submitted.

Forms

Act(s) name

Geothermal Energy Resources Act 2005 Victoria

Regulation(s) name

Geothermal Energy Resources Regulations 2026 Victoria

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

Resources Victoria

Contact details

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