365Minister’s response to application for approval

365 Minister’s response to application for approval

365 Minister’s response to application for approval

(1) If an application is made under section 363, the Minister may:

(a) approve the transfer, or

(b) refuse to approve the transfer.

(2) The Minister may, under subsection (1) (a), approve the transfer on conditions that the Minister considers necessary or desirable in the public interest.

(3) If the Minister approves the transfer, the Minister must endorse on:

(a) the transfer document, and

(b) a copy of the transfer document,

a record of the approval.

Note—

A record of the approval will also be entered in the offshore mining register (see section 338 (1)).