New South Wales Consolidated Acts

PETROLEUM (ONSHORE) ACT 1991 - SECT 96

96 Applications for transfer of title

(1) The holder of a petroleum title may apply for approval of the transfer of the title to some other person.

(2) An application for approval of the transfer of a petroleum title:

(a) must be accompanied by the appropriate lodgment fee, and

(b) must be accompanied by the consent of the proposed transferee, and

(c) must be accompanied by the particulars prescribed by the regulations, and

(d) must be lodged with the Director-General.

(3) After considering an application for approval of the transfer of a petroleum title, the Minister:

(a) may approve the transfer in accordance with the application, or

(b) may refuse the application.

(4) In approving the transfer of a petroleum title, the Minister may direct that any of the conditions of the title be amended or that further conditions be included in the title.

(5) An application for approval of the transfer of a petroleum title may be withdrawn by means of a written notice of withdrawal signed by the applicant and lodged with the Director-General. The application ceases to have effect when the notice of withdrawal is lodged.

(6) The withdrawal of an application under this section is irrevocable.