135Petroleum exploration permit transferred—transferee to be treated as applicant

135 Petroleum exploration permit transferred—transferee to be treated as applicant

(1) This section applies if a transfer of a petroleum exploration permit is registered under section 514—

(a) after an application has been made under section 130 for the grant of a petroleum retention lease over a block or blocks in relation to which the petroleum exploration permit is in force; and

(b) before any action has been taken by the Minister under section 131 or 132 in relation to the application.

(2) After the transfer, sections 130 to 133 and Part 2.10 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.