Offshore Electricity Infrastructure Act 2021
67Simplified outline of this Part
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67 Simplified outline of this Part
Licences may be transferred under Division 2. A licence transfer requires approval from the Minister, and arrangements must be made for any financial security under the licence.
Licences are not intended to be a form of property, and can be cancelled by the Minister in certain circumstances, including where the licence holder has failed to comply with a condition of the licence or has contravened a provision of this Act or the applied work health and safety provisions.
A licence holder may also apply to surrender a licence if certain conditions are met. A licence may be surrendered entirely, or in respect of only part of the licence area.
Division 4 contains miscellaneous provisions about licences.