Northern Territory Consolidated Acts Northern Territory Consolidated Acts12B. Permanent transfer of licence
(1) Subject to this section, the Regulations or a fishery management plan made in respect of the fishery for which a licence has been granted or a condition of the licence, a licence may be permanently transferred by a licensee to another person and where a licence is so transferred, the person from whom it is transferred ceases to be the licensee in respect of the licence and the person to whom it is transferred becomes the licensee in respect of the licence for the purposes of this Act.
(2) A licensee may apply on the approved form accompanied by the prescribed fee to the Director for approval to transfer the licence.
(3) The Director may, in the Director's absolute discretion, approve or refuse to approve an application under this section.