Scope
(1) This section applies if a transfer of a greenhouse gas assessment permit is registered under section 530:
(a) after an application has been made under section 336 for the grant of a special greenhouse gas holding lease over a block or blocks in relation to which the greenhouse gas assessment permit is in force; and
(b) before any action has been taken by the responsible Commonwealth Minister under section 337 in relation to the application.
Transferee to be treated as applicant
(2) After the transfer, sections 337 and 338 and Part 3.8 have effect in relation to the application as if any reference in those sections and that Part to the applicant were a reference to the transferee.