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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 12.02

Prescribed details for supplementary instrument for approval of dealing

  (1)   For subsections   489(2) and 540(2) of the Act, the following details are prescribed:

  (a)   description and date of execution of the instrument evidencing the dealing mentioned in subsection   489(1) or   540(1) of the Act;

  (b)   details of the title (including the type and number of the title) to which the dealing relates;

  (c)   full name and business address of each party to the dealing;

  (d)   details of the effect or effects, upon registration, of the dealing specified in terms of the relevant item in section   486 or 537 of the Act;

  (e)   details of the interest or interests in the title of all parties to the dealing:

  (i)   before the registration of the dealing; and

  (ii)   in the event of approval of the dealing, after the registration of the dealing;

  (i)   in respect of any related dealing for which an entry has been made in the Register or an application, in writing, for approval has been lodged:

  (i)   a description of the instrument evidencing the dealing and the date of execution; and

  (ii)   the date of approval; and

  (iii)   the registration number (if any).

  (2)   In this regulation:

"related dealing" means a dealing executed, before the execution of the instrument evidencing the dealing mentioned in paragraph   (1)(a), by some or all of the parties to that instrument:

  (a)   that affects the title which is the subject of the dealing to which the instrument referred to in paragraph   (1)(a) relates; and

  (b)   that:

  (i)   creates or assigns an option to enter into the dealing mentioned in paragraph   (1)(a); or

  (ii)   creates or assigns a right to enter into the dealing mentioned in paragraph   (1)(a); or

  (iii)   is altered or terminated by the dealing mentioned in paragraph   (1)(a);

and includes any transaction in respect of which an instrument was registered under section   81 of the Petroleum (Submerged Lands) Act 1967 before 22   July 1985.


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