167Partial transfers of permits and licences

167 Partial transfers of permits and licences

(1) The holder of an exploration permit or an injection and monitoring licence may apply to the Minister to transfer part of the permit or licence area to another person.

(2) The Minister may transfer the area if, in the opinion of the Minister, the transfer will maintain or increase greenhouse gas injection and monitoring operations in the area.

(3) A transfer is to be effected by the issue of a separate permit or licence to the other person.

(4) The separate permit or licence—

(a) expires when the permit or licence from which it was derived expires; and

(b) is subject to the same conditions as applied to that permit or licence (unless those conditions are varied by the Minister in accordance with this Act).

(5) The Minister must not approve a transfer under this section that, in his or her opinion, is not in the public interest.

Division 5—Surrender or cancellation of authorities