OFFSHORE MINERALS ACT 1994 - SECT 360 Dealings in licences to be in writing

OFFSHORE MINERALS ACT 1994 - SECT 360

  (1)   An interest in a licence may be created, transferred, affected or otherwise dealt with only by a written document.

Note:   A transfer must be in writing because it is a dealing.

  (2)   Subsection   ( 1) does not apply to the rights of a licence holder that devolve to a person by operation of law.

Note 1:   Rights might devolve to a person, for example, by operation of the laws relating to intestacy or bankruptcy.

Note 2:   For the registration of rights that devolve to a person by operation of law see section   340.