29Transferable tariff rate quota entitlements

29 Transferable tariff rate quota entitlements

(1) Subject to this Division, an exporter (the transferor) may transfer all or part of the transferor’s standard tariff rate quota entitlement or supplementary tariff rate quota entitlement for a quota year to another exporter (the transferee) if: (a) the entitlement was allocated to the transferor under Division 2 or 3 of this Part; and (b) no tariff rate quota entitlement of the transferor for the quota year has been cancelled under section 25, 26 or 27; and (c) before completing the transfer, the transferor notifies the Quota Unit in writing of the following: (i) the name of the transferor; (ii) the name of the transferee; (iii) the shipped weight, in kilograms, of the entitlement to be transferred. (2) To avoid doubt, standard tariff rate quota entitlement and supplementary tariff rate quota entitlement for a quota year may be transferred to a new entrant in relation to the quota year.

Note 1: A new entrant in relation to the quota year cannot transfer any standard tariff rate quota entitlement or supplementary tariff rate quota entitlement transferred to the new entrant under this Division (see subsection 30(1)).

Note 2: See section 14 for the effect on an exporter’s eligibility to be allocated standard tariff rate quota entitlement or non‑standard tariff rate quota entitlement for a quota year if the exporter transferred an amount of the exporter’s tariff rate quota entitlement in a preceding quota year.