Registration of transfer of geothermal authority interest
72 Registration of transfer of geothermal authority interest
(1) A person who has a geothermal authority interest may apply to the Minister for registration of the transfer of the interest, or part of the interest, to another person.
The application must be accompanied by:
(a) the instrument of transfer, signed by all the parties to the transfer; and
(b) if the transferee intends to change the technical work program or geothermal operations plan for the geothermal authority area – a revised work program and varied operations plan.
(3) The Minister may register the transfer if satisfied it is appropriate to do so.
The instrument of transfer has no effect until it is registered.
This Act’s bill:Explanatory statementSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.