(1) Any party to a third party transfer may apply for approval and registration of the transfer.
(2) However, an application can not be made under subsection (1) if the proposed transferee is not an eligible person.
(3) The application must be--
(a) made to the Minister in the approved form; and
(b) accompanied by--
(i) if the GHG authority or interest is subject to a mortgage--the mortgagee's consent; and
(ii) the fee prescribed under a regulation.