Scope
(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 342A for the grant of a special cross - boundary 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 Cross - boundary Authority under section 342B in relation to the application.
Transferee to be treated as applicant
(2) After the transfer, sections 342B and 342C 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.