Queensland Consolidated Acts Queensland Consolidated Acts(1) A person has a share in a tenure if the person is the holder, or 1 of the holders, of the tenure.
(2) If a holder is entitled to a particular percentage of the value of the rights conferred by a tenure, that percentage is the holder's share in the tenure.
Note—
A sole holder has a 100% share in the tenure.
(3) If—
(a) a person is a registered holder of a tenure; and
(b) the person is shown in the offshore mining register as being entitled to a specified percentage of the value of the rights conferred by the tenure;
the person's share in the tenure is taken to be the percentage specified in the register.