Commonwealth Numbered Acts

OFFSHORE MINERALS ACT 1994 No. 28, 1994 - SECT 349

349.(1) If:

   (a)  a transfer of a licence or a share in a licence is lodged with the
        Designated Authority under section 338; and

   (b)  a caveat is in force on the licence; the Designated Authority must,
        subject to subsection (6), notify the caveat holder that the transfer
        has been lodged for registration.

(2) If:

   (a)  a dealing in a licence (other than a transfer of the licence or a
        share in the licence) is lodged with the Designated Authority under
        section 339; and

   (b)  a caveat is in force on the licence; the Designated Authority must,
        subject to subsection (6), notify the caveat holder that the dealing
        has been lodged for registration.

(3) If:

   (a)  a person applies to the Designated Authority under section 340 to be
        registered as a licence holder; and

   (b)  a caveat is in force on the licence; the Designated Authority must
        notify the caveat holder that the application has been made.

(4) If:

   (a)  a licence holder surrenders the licence or surrenders a block or some
        of the blocks covered by the licence; and

   (b)  a caveat is in force on the licence; the Designated Authority must
        notify the caveat holder of the surrender.

(5) Notification under subsection (1), (2), (3) or (4) must be by registered
post or certified mail.

(6) Notice is not to be given under subsection (1) or (2) if:

   (a)  the caveat holder is a party to the transfer or dealing concerned; or

   (b)  the caveat holder has specified the class of dealings the caveat
        holder wants to receive notice of (see subsection 343(2)) and the
        transfer or dealing falls outside that class.