Queensland Numbered Acts Queensland Numbered Acts(1) This section applies if a prescribed dealing is a transfer of a resource authority or of a share in a resource authority.
(2) However, this section does not apply if—
(a) the share in the resource authority is being transferred to a person who already holds a share in the resource authority; and
(b) the person transferring the share continues, after the transfer, to hold a share in the resource authority.
(3) The Minister must not give an approval under section 19 while any royalty payable by the holder of the resource authority remains unpaid.