sec.37When changed holder allocation takes effect

sec.37 When changed holder allocation takes effect

The changed holder allocation takes effect— for a changed holder event of a type mentioned in section 31A (1) (a) —when the prescribed dealing is approved under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 by the Minister; or for a changed holder event of a type mentioned in section 31A (1) (b) —when the notifiable dealing is notified under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19B to the chief executive; or for a changed holder event of a type mentioned in section 31A (1) (c) or (d) —on the day that is 10 business days after the notice under section 36 (1) is given to the interested entity; or for a proposed changed holder event of a type mentioned in section 31A (1) (a) —if and when the prescribed dealing is approved under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 by the Minister; or for a proposed changed holder event of a type mentioned in section 31A (1) (b) —if and when the notifiable dealing is notified under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19B to the chief executive; or for a proposed changed holder event of a type mentioned in section 31A (1) (c) or (d) —if and when the proposed event happens. However— subsection (1) (d) applies only if— the application for approval of the prescribed dealing is made within the prescribed period after the notice under section 36 (1) is given to the interested entity; and for an authority to which section 33 (2) applied—the scheme manager gives the changed holder an election notice for the authority; and subsection (1) (e) applies only if— notice of the notifiable dealing is given within the prescribed period after the notice under section 36 (1) is given to the interested entity; and for an authority to which section 33 (2) applied—the scheme manager gives the changed holder an election notice for the authority; and subsection (1) (f) applies only if— the proposed changed holder event happens within the prescribed period after the notice under section 36 (1) is given to the interested entity; and for an authority to which section 33 (2) applied—the scheme manager gives the changed holder an election notice for the authority. In this section— prescribed period means— the period prescribed by regulation for this paragraph; or if no period is prescribed under paragraph (a) —6 months. s 37 sub 2020 No. 14 s 101 amd 2024 No. 33 s 107 (sec.37-ssec.1) The changed holder allocation takes effect— for a changed holder event of a type mentioned in section 31A (1) (a) —when the prescribed dealing is approved under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 by the Minister; or for a changed holder event of a type mentioned in section 31A (1) (b) —when the notifiable dealing is notified under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19B to the chief executive; or for a changed holder event of a type mentioned in section 31A (1) (c) or (d) —on the day that is 10 business days after the notice under section 36 (1) is given to the interested entity; or for a proposed changed holder event of a type mentioned in section 31A (1) (a) —if and when the prescribed dealing is approved under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 by the Minister; or for a proposed changed holder event of a type mentioned in section 31A (1) (b) —if and when the notifiable dealing is notified under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19B to the chief executive; or for a proposed changed holder event of a type mentioned in section 31A (1) (c) or (d) —if and when the proposed event happens. (sec.37-ssec.2) However— subsection (1) (d) applies only if— the application for approval of the prescribed dealing is made within the prescribed period after the notice under section 36 (1) is given to the interested entity; and for an authority to which section 33 (2) applied—the scheme manager gives the changed holder an election notice for the authority; and subsection (1) (e) applies only if— notice of the notifiable dealing is given within the prescribed period after the notice under section 36 (1) is given to the interested entity; and for an authority to which section 33 (2) applied—the scheme manager gives the changed holder an election notice for the authority; and subsection (1) (f) applies only if— the proposed changed holder event happens within the prescribed period after the notice under section 36 (1) is given to the interested entity; and for an authority to which section 33 (2) applied—the scheme manager gives the changed holder an election notice for the authority. (sec.37-ssec.3) In this section— prescribed period means— the period prescribed by regulation for this paragraph; or if no period is prescribed under paragraph (a) —6 months.