Queensland Numbered Acts

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GEOTHERMAL ENERGY ACT 2010 No. 31 - SECT 278

278 What is a dealing with a geothermal tenure

(1) Each of the following is a dealing with a geothermal tenure--

(a) a transfer of a geothermal tenure or of a share in a geothermal tenure;
(b) a mortgage of a geothermal tenure or of a share in a geothermal tenure;
(c) a release, transfer or surrender of a mortgage mentioned in paragraph (b);
(d) a sublease or an acquisition of a share in a sublease;
(e) a transfer of a sublease share mentioned in paragraph (d);
(f) a change to a geothermal tenure holder's name even if the holder continues to be the same person after the change.

(2) However, a dealing with a geothermal tenure does not include a prohibited dealing mentioned in section 279(1).

(3) In this section--

transfer includes--

(a) a transmission by death; and
(b) a transfer by operation of law.
Example for paragraph (b)--
A geothermal tenure is held by individuals as joint tenants and one of them dies. A transfer of the tenure includes a record of the death to record the passing by survivorship of the deceased holder's share of the tenure to the other holders.


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