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Petroleum Act 1998
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- UK Public General Acts
- 1998 c. 17
- Part I
- Section 5A
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Point in time view as at 09/02/2018.
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There are currently no known outstanding effects for the Petroleum Act 1998, Section 5A.
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[F15ARights transferred without the consent of [F2appropriate [F3authority]]U.K.
(1)This section applies if—
(a)a person is (or two or more persons are) the licensee in respect of a licence under section 2 of the Petroleum (Production) Act 1934 or section 3 above (“the transferor”),
(b)the transferor transfers a right granted by the licence, or derived from a right so granted, to another person (“the transferee”) after commencement in circumstances where the consent of the [F2appropriate [F3authority]] is required for the transfer, and
(c)that consent is not obtained.
(2)The [F2appropriate [F3authority]] may, by notice given to the transferor and the transferee, direct that the right is to revert to the transferor from a date specified in the notice.
(3)The date specified must not be earlier than the date on which the notice is given.
(4)Before giving a notice to a person under subsection (2), the [F2appropriate [F3authority]] must—
(a)notify the person of the proposal to give the notice, and
(b)give the person a reasonable period within which to make written representations.
(5)The [F2appropriate [F3authority]] may not give a notice under subsection (2) after the end of the period of 3 months beginning with the date on which the [F2appropriate [F3authority]] learns of the transfer.
(6)In this section—
“commencement” means the time when this section comes into force;
“transfer” does not include a transfer by way of security for a loan.]
Textual Amendments
F1Ss. 5A-5C inserted (26.1.2009) by Energy Act 2008 (c. 32), ss. 76, 110(2); S.I. 2009/45, art. 2(c)(i)
F2Words in s. 5A substituted (9.2.2018) by Scotland Act 2016 (c. 11), ss. 48(12), 72(4)(c); S.I. 2018/163, reg. 2(b)
F3Word in s. 5A substituted (9.2.2018) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(3), 3(5) (with reg. 2); S.I. 2018/163, reg. 2(b)
Modifications etc. (not altering text)
C1S. 5A modified (temp.) (1.10.2016) by The Petroleum (Transfer of Functions) Regulations 2016 (S.I. 2016/898), regs. 1(2), 2
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