sec.103Applying to divide

### sec.103 Applying to divide The holder of an authority to prospect (the original authority ) may apply to divide it into 2 or more authorities to prospect (the new authorities ). However, the holder may apply for a new authority to be granted to another person only if the other person— agrees to the proposed grant; and is an eligible person. Despite subsections (1) and (2) , the holder can not make the application if any of the following is outstanding— annual rent for the original authority; a civil penalty under section 76 for nonpayment of annual rent; interest payable under section 588 on annual rent or a civil penalty; a royalty-related amount payable by the holder; security for the original authority, as required under section 488 . s 103 amd 2012 No. 25 s 154 ; 2014 No. 35 s 44 (sec.103-ssec.1) The holder of an authority to prospect (the original authority ) may apply to divide it into 2 or more authorities to prospect (the new authorities ). (sec.103-ssec.2) However, the holder may apply for a new authority to be granted to another person only if the other person— agrees to the proposed grant; and is an eligible person. (sec.103-ssec.3) Despite subsections (1) and (2) , the holder can not make the application if any of the following is outstanding— annual rent for the original authority; a civil penalty under section 76 for nonpayment of annual rent; interest payable under section 588 on annual rent or a civil penalty; a royalty-related amount payable by the holder; security for the original authority, as required under section 488 . - (a) agrees to the proposed grant; and - (b) is an eligible person. - (a) annual rent for the original authority; - (b) a civil penalty under section 76 for nonpayment of annual rent; - (c) interest payable under section 588 on annual rent or a civil penalty; - (d) a royalty-related amount payable by the holder; - (e) security for the original authority, as required under section 488 .