Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 396

    If:

  (a)   a security is in force in relation to a site closing certificate; and

  (b)   the site closing certificate is transferred;

then:

  (c)   the interest of the transferor in the security is, by force of this section, transferred to the transferee; and

  (d)   a document setting out or relating to the security has effect, after the transfer, as if a reference in the document to the transferor were a reference to the transferee.