177Petroleum exploration permit or petroleum retention lease transferred—transferee to be treated as applicant

#### 177 Petroleum exploration permit or petroleum retention lease transferred—transferee to be treated as applicant Scope (1) This section applies if a transfer of a petroleum exploration permit or petroleum retention lease is registered under section 479: (a) after an application has been made: (i) under section 168 or clause 2 of Schedule 4 for the grant of a petroleum production licence over a block in relation to which the petroleum exploration permit is in force; or (ii) under section 170 or clause 4 of Schedule 4 for the grant of a petroleum production licence over a block in relation to which the petroleum retention lease is in force; and (b) before any action has been taken by the Joint Authority under section 171 or 173 in relation to the application. Transferee to be treated as applicant (2) After the transfer: (a) in the case of an application under section 168—that section has effect in relation to the application as if any reference in subsection (3) of that section to the applicant were a reference to the transferee; and (b) if the Royalty Act applies to the permit or lease—subsection 6(2) of the Royalty Act has effect in relation to the application as if any reference in that subsection to a person who has applied or applies for such a petroleum production licence were a reference to the transferee; and (c) in all cases—sections 171 and 175 and Part 2.10 of this Act have effect in relation to the application as if any reference in those sections and that Part to the applicant were a reference to the transferee.