Commonwealth Numbered Acts

OFFSHORE MINERALS ACT 1994 No. 28, 1994 - SECT 42

42.(1) Any minerals recovered by a licence holder or special purpose consent
holder from a block covered by the licence or consent become the property of
the holder when they are recovered.

(2) If the licence or consent authorises the exploration for and the recovery
of minerals only of a particular kind, subsection (1) only applies to the
recovery of minerals of that kind.

(3) Subsection (1) does not apply to the recovery of minerals by a works
licence holder.

(4) The minerals recovered are not subject to the rights of any other person.

(5) Subsection (4) does not apply to rights that the licence or consent holder
transfers to the other person.