FISH RESOURCES MANAGEMENT ACT 1994 - SECT 140

FISH RESOURCES MANAGEMENT ACT 1994 - SECT 140

140 .         Transfer of authorisations

        (1)         This section applies if —

            (a)         the holder of an authorisation (other than a commercial or recreational fishing licence) applies to the CEO for the transfer of the authorisation to another person; or

            (b)         the holder of an authorisation applies to the CEO for the transfer of part of the entitlement under the authorisation to another authorisation.

        (2A)         Subject to subsection (2), the CEO must transfer the authorisation or the part of the entitlement.

        (2)         The CEO may refuse to transfer an authorisation or a part of an entitlement —

            (a)         if in the CEO’s opinion the proposed transferee —

                  (i)         is not a fit and proper person to hold the authorisation; or

                  (ii)         does not satisfy guidelines under section 247 relating to foreign persons holding, controlling or having an interest in authorisations;

                or

            (ba)         if, in the CEO’s opinion, the applicant, or a person acting for or on behalf of the applicant, may be liable to prosecution for an offence that is prescribed for the purposes of section 224; or

            (bb)         if the authorisation is suspended under section 224; or

            (b)         on any other ground specified in a relevant management plan or prescribed in the regulations.

        (3)         If the CEO receives an application referred to in subsection (1), the CEO must, as soon as practicable after receiving the application, notify the Registrar of the application.

        (4)         If the Registrar gives written details of the application under section 130 to a security holder —

            (a)         the Registrar must notify the CEO of that fact; and

            (b)         the CEO must not transfer the authorisation or the part of the entitlement before the expiration of 21 days from the day on which the details were given.

        (5)         Despite subsection (4), the CEO may transfer the authorisation or the part of the entitlement before the expiration of the period specified in that subsection if the CEO has the written consent of the holder of the authorisation and the security holder to do so.

        [Section 140 amended: No. 28 of 2006 s. 236; No. 37 of 2009 s. 16; No. 43 of 2011 s. 48.]