Queensland Consolidated Acts

FOREST WIND FARM DEVELOPMENT ACT 2020 - SECT 42

42 Transfers of project leases

(1) A project lease may be transferred to another entity (the
"transferee" )—

(a) only if—

(i) the lessee stops being the proponent for the relevant development agreement for the lease; and

(ii) the transferee is the new proponent for the relevant development agreement for the lease; and

(iii) the transferee is, under the Land Act 1994 , eligible to hold the lease; and

(iv) the Minister, by notice given to the lessee, approves the transfer; and

(b) except to the extent any of the following prohibit the transfer—

(i) a condition of the lease;

(ii) the relevant development agreement for the lease;

(iii) the Land Act 1994 .

(2) For subsection (1) (a) (iv) , the Minister must approve the transfer if satisfied—

(a) subsection (1) (a) (i) to (iii) applies in relation to the transfer; and

(b) the transfer is not prohibited under subsection (1) (b) .

(3) The Minister’s approval of the transfer lapses on the day that is 3 months after the approval is given unless the lessee complies with section 49 (1) (a) in relation to the transfer before that day.