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OFFSHORE MINERALS ACT 1994 - SECT 339 Other dealings in licences

OFFSHORE MINERALS ACT 1994 - SECT 339

Other dealings in licences

  (1)   The Designated Authority must register a document (other than a transfer of a licence or a share in a licence) that creates, transfers, affects or otherwise deals with an interest in a licence if:

  (a)   a party to the dealing lodges the document for registration; and

  (b)   a party to the dealing lodges a copy of the document; and

  (c)   the fee provided for in the Registration Fees Act is paid; and

  (d)   the fee prescribed by the regulations is paid; and

  (e)   section   341 (caveats) does not prevent the registration of the dealing.

  (2)   The Designated Authority must also register the date and time of registration of the dealing.

  (3)   If a document purports to create, transfer, affect or otherwise deal with an interest in a licence, the Designated Authority is to register the document under this section without inquiring into or concerning itself with the legal effectiveness of the document.

  (4)   The Designated Authority must keep the copy of the document.

  (5)   The Designated Authority must return the document to the person who lodged it.

  (6)   The registration of a document under this section does not give the document any greater effect than it would have had apart from this Act.