Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 455

    If:

  (a)   a security is in force in relation to:

  (i)   a greenhouse gas assessment permit; or

  (ii)   a greenhouse gas holding lease; or

  (iii)   a greenhouse gas injection licence; and

  (b)   a transfer of the permit, lease or licence is registered under section   530;

then:

  (c)   the interest of the transferor in the security is, by force of this section, transferred to the transferee; and

  (d)   a document setting out or relating to the security has effect, after the transfer, as if a reference in the document to the transferor were a reference to the transferee.