• Specific Year
    Any

MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) ACT 2014 No. 47 - SECT 19 19 Application for Minister's approval to register dealing

MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) ACT 2014 No. 47 - SECT 19

19 Application for Minister's approval to register dealing

(1) The ordinary rule is that the following entities may apply to the Minister for approval to register a prescribed dealing—

(a) the affected resource authority holder;
(b) any other entity with the affected resource authority holder's consent.

(2) However, if a prescribed dealing is required to be executed because of the operation of a law, a regulation may change the ordinary rule by prescribing the following—

(a) who may or must make the application;
(b) the period within which the application must be made.
Example of dealing required to be executed because of the operation of a law—
the transfer of an interest in a resource authority because of the death of the resource authority holder

(3) Chapter 5, part 1 applies for processing the application, and the Minister must decide to either refuse to give the approval or give the approval with or without conditions.

Note—
See section 23 if the approval relates to a prescribed dealing for which an indicative approval has been given under that section.

(4) In this section—

affected resource authority holder means—

(a) for a prescribed dealing affecting the whole of a resource authority—the holder of the resource authority; or
(b) for a prescribed dealing affecting a share in a resource authority—the holder of the share.