Forestry Act 1959

A plantation sublicensee that transfers its rights and obligations under a plantation sublicence to another corporation (new sublicensee) as provided under section 61QR may also transfer a related agreement to the new sublicensee—

with the chief executive’s approval; and

if permitted under the plantation licence, the plantation sublicence and the related agreement.

A transfer of a related agreement in accordance with subsection (1) is effective to transfer the obligations of the plantation sublicensee under the agreement to the new sublicensee despite any rule of law to the contrary.

If the chief executive decides to refuse to approve the transfer of a related agreement, the plantation sublicensee must be given a written notice of the decision and the reasons for it.