Commonwealth Consolidated Acts

OFFSHORE MINERALS ACT 1994 - SECT 365

  (1)   If an application is made under section   363, the Joint Authority may:

  (a)   approve the transfer; or

  (b)   refuse to approve the transfer.

  (2)   The Joint Authority may, under paragraph   (1)(a), approve the transfer on the conditions that it considers necessary or desirable in the public interest.

  (3)   If the Joint Authority approves the transfer, the Designated Authority must endorse on:

  (a)   the transfer document; and

  (b)   a copy of the transfer document;

a record of the approval.

Note:   A record of the approval will also be entered in the offshore mining register (see subsection   337(1)).