New South Wales Consolidated Acts
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OFFSHORE MINERALS ACT 1999 - SECT 6
Shares in a licence
(1) A person has a share in a licence if the person is the holder, or one of
the holders, of the licence.
(2) If a holder is entitled to a particular
percentage of the value of the rights conferred by a licence, that percentage
is the holder’s share in the licence.
Note : A sole holder has a 100% share
in the licence.
(a) a person is a registered holder of a licence, and
(b) the person is shown in the offshore mining register as being entitled to a
specified percentage of the value of the rights conferred by the licence, the
person’s share in the licence is taken to be the percentage specified in the
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