sec.19ARejection of application if intended transferee disqualified

### sec.19A Rejection of application if intended transferee disqualified The Minister must reject an application for approval of a prescribed dealing that is a transfer of a resource authority or a share in a resource authority if the Minister decides the intended transferee of the resource authority or share is disqualified under section 196C from being transferred the resource authority or share. However, subsection (1) does not apply to a transfer of a share in a resource authority if— the share is being transferred to a person who already holds a share in the resource authority; and the person transferring the share continues, after the transfer, to hold a share in the resource authority. s 19A ins 2020 No. 14 s 62 (sec.19A-ssec.1) The Minister must reject an application for approval of a prescribed dealing that is a transfer of a resource authority or a share in a resource authority if the Minister decides the intended transferee of the resource authority or share is disqualified under section 196C from being transferred the resource authority or share. (sec.19A-ssec.2) However, subsection (1) does not apply to a transfer of a share in a resource authority if— the share is being transferred to a person who already holds a share in the resource authority; and the person transferring the share continues, after the transfer, to hold a share in the resource authority. - (a) the share is being transferred to a person who already holds a share in the resource authority; and - (b) the person transferring the share continues, after the transfer, to hold a share in the resource authority.