OFFSHORE MINERALS ACT 1994 - SECT 365 Joint Authority's response to application for approval

OFFSHORE MINERALS ACT 1994 - SECT 365

  (1)   If an application is made under section   363, the Joint Authority may:

  (a)   approve the transfer; or

  (b)   refuse to approve the transfer.

  (2)   The Joint Authority may, under paragraph   ( 1)(a), approve the transfer on the conditions that it considers necessary or desirable in the public interest.

  (3)   If the Joint Authority approves the transfer, the Designated Authority must endorse on:

  (a)   the transfer document; and

  (b)   a copy of the transfer document;

a record of the approval.

Note:   A record of the approval will also be entered in the offshore mining register (see subsection   337(1)).