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OFFSHORE MINERALS ACT 1994 No. 28, 1994 - SECT 339
Other dealings in licences
339.(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.
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