Related Dealing

Definition(s)


Related dealing

Related dealing means a dealing executed, before the execution of the instrument evidencing the dealing mentioned in paragraph (1) (a), by some or all of the parties to that instrument:

  1. that affects the title which is the subject of the dealing to which the instrument referred to in paragraph (1) (a) relates; and
  2. that:
    1. creates or assigns an option to enter into the dealing mentioned in paragraph (1) (a); or
    2. creates or assigns a right to enter into the dealing mentioned in paragraph (1) (a); or
    3. is altered or terminated by the dealing mentioned in paragraph (1) (a);

and includes any transaction in respect of which an instrument was registered under section 81 of the Petroleum (Submerged Lands) Act 1967 before 22 July 1985.

Source: Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2011 (Select Legislative Instrument 2011 No. 54 as amended), Australia, prepared on 1 January 2012. Regulations