Transfers, dealings, change in control & other titleholder transactions

The approval or refusal of a transfer, dealing or change in control is a decision of the Titles Administrator under Chapter 4, 5 or 5A of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (the Act).

The transfer of a petroleum title or greenhouse gas title usually involves transferring a title, or an interest in a title, from one legal entity to another.

A change in control relates to a change in companies that own the registered titleholder company (e.g. through a company sale, acquisition of shares or corporate restructure). Titles Administrator approval must be sought for all changes in control.

A dealing is a transaction (other than a transfer of title) having one or more of the effects listed in section 486 or 537 of the Act.

A devolution of title is where the interest in a title transfers from one party to another by operation of law (for example, by court order).

A change of company name (as distinct from a change in control) is where there is a change in the name of a company that is a registered titleholder.

Forms