Petroleum Act 1998

If the holder of an authority, other than a special drilling authorisation, wishes to transfer the authority to another person, either it or the person to whom the authority is to be transferred may apply to the Minister for approval of the transfer.

A person applying for the approval of a transfer—

must apply for the approval in the manner required by the Minister; and

must submit the following details concerning the person to whom the authority is to be transferred—

its relevant technical qualifications and the relevant technical qualifications of its employees; and

the relevant technical advice available to it; and

the financial resources available to it; and

must submit evidence of the ability of the person to whom the authority is to be transferred to comply with this Act; and

must submit any other details or matter required by the Minister to enable the Minister to assess the application; and

may set out other matters that it wishes the Minister to consider; and

must submit a transfer document in the form approved by the Minister that has been executed by the parties to the proposed transfer.