Offshore Minerals Act 1998
sec.340Devolution of tenures
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sec.340 Devolution of tenures
If— the rights of a tenure holder have devolved to a person by operation of law; and the person applies to the Minister in writing to be registered as a tenure holder; and the tenure is lodged with the Minister for annotation under subsection (3) ; and the person pays the fee prescribed under a regulation; and the Minister is satisfied that the applicant is entitled to those rights; and section 341 does not prevent the registration of the person as a tenure holder; the Minister must register the person as a tenure holder. If the Minister registers a person as a tenure holder under subsection (1) , the Minister must also register the date and time of registration. If the Minister registers a person as a tenure holder under subsection (1) , the Minister must annotate the tenure accordingly. The Minister must return the annotated tenure to the person who lodged it. This section applies to 2 or more persons to whom rights have devolved in the same way as it applies to a single person to whom rights have devolved. (sec.340-ssec.1) If— the rights of a tenure holder have devolved to a person by operation of law; and the person applies to the Minister in writing to be registered as a tenure holder; and the tenure is lodged with the Minister for annotation under subsection (3) ; and the person pays the fee prescribed under a regulation; and the Minister is satisfied that the applicant is entitled to those rights; and section 341 does not prevent the registration of the person as a tenure holder; the Minister must register the person as a tenure holder. (sec.340-ssec.2) If the Minister registers a person as a tenure holder under subsection (1) , the Minister must also register the date and time of registration. (sec.340-ssec.3) If the Minister registers a person as a tenure holder under subsection (1) , the Minister must annotate the tenure accordingly. (sec.340-ssec.4) The Minister must return the annotated tenure to the person who lodged it. (sec.340-ssec.5) This section applies to 2 or more persons to whom rights have devolved in the same way as it applies to a single person to whom rights have devolved.
- (a) the rights of a tenure holder have devolved to a person by operation of law; and
- (b) the person applies to the Minister in writing to be registered as a tenure holder; and
- (c) the tenure is lodged with the Minister for annotation under subsection (3) ; and
- (d) the person pays the fee prescribed under a regulation; and
- (e) the Minister is satisfied that the applicant is entitled to those rights; and
- (f) section 341 does not prevent the registration of the person as a tenure holder;