Transfers, dealings, change in control and 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.

Guidance

View the relevant legislation and regulations on our Legislation page.

Visit our Guidelines and Fact sheets pages for more information including:

  • Applicant suitability guideline
  • Transfers, dealings, change in control and other titleholder transactions guideline
  • Financial resources fact sheet
  • Declaration of experience and disclosures fact sheet and FAQs
  • Change in control of a registered holder fact sheet and FAQs
  • Signatures fact sheet (How to execute NOPTA forms and instruments).

View Application fees and annual levies.

Forms

Relevant forms and Forms Guidance are on our Forms page. These include:

  • Application for approval of dealing affecting a petroleum title
  • Application for approval of dealing affecting a greenhouse gas title
  • Application for transfer of a petroleum title
  • Application for transfer of a greenhouse gas title
  • Application for change of company name
  • Change in control – Application for approval
  • Change in control – Notification of change in circumstances
  • Notification of change in control.
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