OFFSHORE MINERALS ACT 1994 - SECT 350 Caveat holder may consent to approval or registration
OFFSHORE MINERALS ACT 1994 - SECT 350
Caveat holder may consent to approval or registration(1) If a caveat holder is given notice under subsection 349(1), the caveat holder may consent to the registration of the transfer.
(2) If a caveat holder is given notice under subsection 349(2), the caveat holder may consent to the registration of the dealing.
(3) If a caveat holder is given notice under subsection 349(3), the caveat holder may consent to the registration of the person as a licence holder.
(4) A consent under this section must be in writing and must be lodged with the Designated Authority.
(5) A consent under this section is only effective if it is given within 30 days after the day on which the caveat holder receives the notice concerned.
(6) The Designated Authority must:
(a) register details of the consent; and
(b) endorse details of the consent on the original of the caveat; and
(c) retain the original of the consent.