Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES AND OTHER LEGISLATION AMENDMENT ACT 2020 - SECT 97

97 Insertion of new s 31A

Before section 32 —
insert—

31A Meaning of changed holder event

(1) A
"changed holder event" , in relation to an authority, means any of the following—

(a) an entity applies to the Minister under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19 for approval of a prescribed dealing to enable its registration under section 17 of that Act that is an assessable transfer, of a resource authority relating to the authority, to another entity (the
"changed holder" );

(b) an entity gives notice to the chief executive under the Mineral and Energy Resources (Common Provisions) Act 2014 , section 19B of a notifiable dealing to enable its registration under section 17A of that Act that is a non-assessable transfer of a resource authority, or of a share in a resource authority, relating to the authority, if part of 1 holder’s share in the resource authority will be transferred to another holder of the resource authority (also the
"changed holder" );

(c) an entity starts or stops controlling a holder of the authority (also the
"changed holder" ) under the Corporations Act, section 50AA;

(d) a holder of the authority (also the
"changed holder" ) starts or stops being a subsidiary of a corporation under the Corporations Act, section 46.

(2) For subsection (1)(a) and (b), a resource authority relates to an authority if the resource authority authorises the carrying out of a resource activity for the authority.