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Offshore Minerals Act 1994
362Transfers require approval by Joint Authority
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#### 362 Transfers require approval by Joint Authority
(1) The transfer of a licence has no effect before the transfer is approved by the Joint Authority.
> Note 1: For transfer of a licence see subsection 7(1).
> Note 2: A transfer is a dealing and under section 361 does not take effect until registered.
(2) The transfer of a share of a licence has no effect before the transfer is approved by the Joint Authority.
> Note 1: For transfer of a share of a licence see subsections 7(2) and (3).
> Note 2: A transfer is a dealing and under section 361 does not take effect until registered.