82Transfer of interest in land subject to relevant transmission interest

82 Transfer of interest in land subject to relevant transmission interest (a) an interest (the ***transferred interest***) in land that is subject to a relevant transmission interest is transferred— (i) by an eligible person to another person (the ***transferee***); and (ii) before the day that is 25 years after the registration of the relevant transmission interest; and S. 82(1)(b) amended by No. 38/2025 s. 46. (b) on application by the transferee under section 70(1) or 75(1), the Minister or VicGrid determines under section 70(3)(a) or 75(3)(a) (as appropriate) that the transferee is eligible to receive payments under this Part in relation to the relevant transmission interest. (2) The transferee is entitled to an initial payment in relation to the relevant transmission interest only if no initial payment under section 71 or 76 for the transferred interest has previously been made to any other person in relation to the relevant transmission interest. (3) The transferee is entitled to a subsequent payment for a relevant year in relation to the relevant transmission interest only if no payment under section 73 or 77 (as appropriate) has been made for that year to any previous holder of the transferred interest in relation to the relevant transmission interest. ***relevant year***— (a) in the case of an interest in land other than public land, has the same meaning as in section 73; or (b) in the case of an interest in public land, has the same meaning as in section 77. ***transfer***, in relation to an interest in land that is subject to a relevant transmission interest, includes transferring an interest in land created by the subdivision of that land. S. 83 inserted by No. 15/2024 s. 10.