96A   Registration of transfers

(1)  The transferor or transferee of a petroleum title, the transfer of which the Minister has approved, may apply for registration of the transfer.

(2)  An application for registration of a transfer:

(a)  must be lodged with the Director-General, and

(b)  must be accompanied by the prescribed fee for registration of a transfer.

(3)  On receipt of the application, the Director-General must register the transferee as the holder of the petroleum title unless registration of the transfer is prohibited by section 96B.

(4)  On registration of a transfer, the transferee becomes the holder of the petroleum title and the title becomes subject to the amended conditions or further conditions referred to in any relevant direction under section 96 (4).