123Registration of transfer of mineral rights interest

123 Registration of transfer of mineral rights interest (1) A person who intends to transfer all or part of the person's mineral rights interest to another person must apply to the Minister for approval and registration of the transfer. (2) The application must be: (a) in the approved form; and (b) include the details of the proposed transfer; and (c) signed by all the parties to the transfer. (3) The Minister must approve and register the transfer unless satisfied there are circumstances why he or she should refuse the (4) On application by either party to the transfer, the Minister must give the parties a notice of the approval of the transfer, which may include a statement that the transfer will be registered on a date or occurrence, or subject to a condition, specified in the notice. (5) The instrument of transfer has no effect under this Act until it is registered.