Registration of devolution of interest

In force

(1)

A person on whom a geothermal authority interest has devolved by operation of law may apply to the Minister for registration of the devolution.

(2)

The person must give the Minister documentary evidence of the devolution.

(3)

If the Minister is satisfied a geothermal authority interest has devolved on the person, the Minister must enter information relating to the devolution in the register.

(4)

For this Act, the devolution of the geothermal authority interest has no effect until the relevant information is entered in the register.

This Act’s bill:Explanatory statement Second reading speech

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73 Registration of devolution of interest