Document ID: chunk:federal_register_of_legislation:F2025C00075:reg:24
Version: federal_register_of_legislation:F2025C00075
Segment Type: reg
Provision Reference: reg 24
Character Range: 35518–36495

24  Application to register a permanent transfer of quota units
 (1) This section applies to a person (other than the TSRA) who holds one or more quota units that are:
 (a) quota units that were allocated to the person under section 15; or
 (b) quota units that were permanently transferred to the person under a previous application of this section.
 (2) The person may apply to AFMA to register a permanent transfer of some or all of those quota units to another person (who must not be a trust or a trustee of a trust).
 (3) An application under subsection (2) must be in the approved form.
 (4) A transfer has no effect until it is registered under section 26.
Note: The TSRA is not able to apply under this section to have quota units it holds permanently transferred to another person. A review of the allocation of quota units to the traditional inhabitant sector is to be commenced by the Authority within 4 years of the day this instrument commences: see section 17.