330Prescribed details for supplementary instrument for approval of dealing

330 Prescribed details for supplementary instrument for approval of dealing

(1) For the purposes of sections 524(2) and 582(2) of the Act, the following details are prescribed—

(a) description and date of execution of the instrument evidencing the dealing mentioned in section 524(1) or 582(1) of the Act;

(b) details of the title (including the type and number of the title) to which the dealing relates;

(c) full name and business address of each party to the dealing;

(d) details of the effect or effects, upon registration, of the dealing specified in terms of the relevant item of the table in section 521 or 579 of the Act;

(e) details of the interest or interests in the title of all parties to the dealing—

(i) before the registration of the dealing; and

(ii) in the event of approval of the dealing, after the registration of the dealing;

(f) if item 1 or 3 of the table to section 558(2) of the Act applies to the dealing—the value of the consideration;

(g) if the dealing relates to an interest in a title to which item 2 or 4 of the table to section 558(2) of the Act applies—the value of the interest;

(h) a statement whether or not the parties to the dealing have made or propose to make an application for the purposes of item 6 of the table to section 558(2) of the Act;

(i) in respect of any related dealing for which an entry has been made in the Register or an application in writing for approval by the Minister has been lodged—

(i) a description of the instrument evidencing the dealing and the date of execution; and

(ii) the date of approval by the Minister (if appropriate); and

(iii) the registration number (if any).

related dealing means a dealing executed, before the execution of the instrument evidencing the dealing mentioned in subregulation (1)(a), by some or all of the parties to that instrument—

(a) that affects the title which is the subject of the dealing to which the instrument referred to in subregulation (1)(a) relates; and

(b) that—

(i) creates or assigns an option to enter into the dealing mentioned in subregulation (1)(a); or

(ii) creates or assigns a right to enter into the dealing mentioned in subregulation (1)(a); or

(iii) is altered or terminated by the dealing mentioned in subregulation (1)(a)—

and includes any transaction in relation to which an entry was made in the Register within the meaning of the Petroleum (Submerged Lands) Act 1982 under section 81 of that Act before 14 February 1983.