Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 362

  (1)   The transfer of a licence has no effect before the transfer is approved by the Joint Authority.

Note 1:   For transfer of a licence see subsection   7(1).

Note 2:   A transfer is a dealing and under section   361 does not take effect until registered.

  (2)   The transfer of a share of a licence has no effect before the transfer is approved by the Joint Authority.

Note 1:   For transfer of a share of a licence see subsections   7(2) and (3).

Note 2:   A transfer is a dealing and under section   361 does not take effect until registered.