Joint holders of a GHG authority
370 Joint holders of a GHG authority
A GHG authority may be held by 2 or more persons as joint tenants or as tenants in common.
If—
an application is made for a GHG authority, or for approval under the Common Provisions Act of a prescribed dealing that is a transfer of a GHG authority, for more than 1 proposed holder or transferee; and
the application does not show whether the proposed holders or transferees are to hold as joint tenants or as tenants in common; and
the application is granted;
the chief executive must record in the register that the applicants hold the GHG authority as tenants in common.
In this section—
GHG authority includes a share in a GHG authority.
This Act’s bill:Explanatory memorandum
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