(1) For the purposes of this Act, the holder of a licence is the person whose name is on the relevant offshore mining register as the person who holds the licence.
Note 1: This Act is based upon the grant and registration of licences.
Note 2: If a licence is granted to a person, that person's name is entered on the register (see section 333).
Note 3: The entry on the register in relation to a licence will be varied if there is a change in the licence holder (see subsection 338(5)).
(2) A licence may be held by more than one person.