Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if a transfer of a greenhouse gas holding lease is registered under section 530:
(a) after an application has been made under section 336 for the grant of a special greenhouse gas holding lease over a block or blocks in relation to which the first - mentioned greenhouse gas holding lease is in force; and
(b) before any action has been taken by the responsible Commonwealth Minister under section 337 in relation to the application.
Transferee to be treated as applicant
(2) After the transfer, sections 337 and 338 and Part
3.8 have effect in relation to the application as if any reference in
those sections and that Part to the applicant were a reference to the
transferee.