Document ID: chunk:federal_register_of_legislation:C2017A00067:clause:1_43
Version: federal_register_of_legislation:C2017A00067
Segment Type: clause
Provision Reference: sch 1 cl 43
Character Range: 24135–24851

43  Subsection 35(2)
Repeal the subsection, substitute:
 (2) A licensee may, without transferring the licensee's licence, transfer to another licensee the unused part of:
 (a) an HCFC quota allocated to the first licensee for a quota period; and
 (b) each HCFC quota (if any) allocated to the first licensee for later quota periods.
 (2A) A licensee may, instead of transferring the whole of the unused parts of the quotas mentioned in subsection (2):
 (a) choose a particular percentage; and
 (b) without transferring the licensee's licence, transfer to another licensee the lesser of the following percentages of each of those quotas:
 (i) the chosen percentage;
 (ii) the percentage of the quota that is unused.