Regulatory Intelligence
If the buyer has D067 eligibility, will AER approve the licence transfer?
Category:
Licence Transfers
Research Basis
Archive Period
2019
Records Reviewed
4
Primary Topics
licence transfer; LTA; liability; LMR; security deposit; inactive wells; holistic assessment
Current Reference
AER Directive 067; AER Directive 088; Manual 023
Common Question
If the buyer has D067 eligibility, will AER approve the licence transfer?
Archive Findings
Not automatically. The archive treated eligibility, the licence transfer application, security exposure, and inactive-well compliance as related but separate issues.
The 2019 correspondence recommended reviewing liability reports and inactive-well compliance before relying on the transfer strategy.
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Engineering Insight
Run transfer due diligence before filing. Check liability, inactive inventory, compliance gaps, security exposure, and whether the buyer can show capability to manage the assets.
Current Guidance
Current AER transfer guidance says licence transfers require AER approval and trigger a holistic assessment under Directive 088. Manual 023 provides current transfer and licensee life-cycle guidance.
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