18Matters to be included in Access Register

18 Matters to be included in Access Register

18 Matters to be included in Access Register

(1) For the Act, section 71A(1)(h), a memorandum of terms and conditions in relation to a licence or holding must be recorded in the General Division of the Access Register if the memorandum is or will be—

(a) given to the Minister by the holder, or prospective holder, of a security interest held over the licence or holding, and

(b) adopted by or incorporated in an instrument evidencing the existence of the security interest.

(2) For the Act, section 71A(2)(b), an agreement that a specified person may, on behalf of the holders of an access licence, apply for an assignment dealing must be recorded in the Assignment Division of the Access Register if the agreement is given to the Minister in the approved form.