Document ID: chunk:federal_register_of_legislation:C2025C00179:section:70
Version: federal_register_of_legislation:C2025C00179
Segment Type: section
Provision Reference: s 70
Character Range: 109970–110972

70  Minister may transfer licence
 (1) The Minister may transfer a licence held by a licence holder (the transferor) to an eligible person (the transferee) if:
 (a) an application for the transfer is made under section 69; and
 (b) the Minister is satisfied that the licence would meet the merit criteria if it were held by the transferee; and
 (c) the Minister is satisfied that the transferee will be able to comply with sections 117 and 118 (financial security), subject to section 72, in relation to the licence; and
 (d) any other requirements prescribed by the licensing scheme are satisfied.
Note: For review of decisions, see section 297.
 (2) The Minister must give written notice of a decision under subsection (1) to the transferor and the transferee.
 (3) A transfer of a licence takes effect at the time specified in the notice under subsection (2). At that time:
 (a) the transferor ceases to be the holder of the licence; and
 (b) the transferee begins to be the holder of the licence.