52HTransfer of tariff rate quota entitlement

52H Transfer of tariff rate quota entitlement

(1) A person (the transferor) who has an amount of tariff rate quota entitlement for a quota type and a quota year may, at any time before the end of the quota year, transfer all or part of that amount to an eligible person (the transferee) for the quota type. (2) The transferor must give the Secretary a notice setting out: (a) the name of the transferor; (b) the name of the transferee; (c) the amount of the entitlement to be transferred. (3) The notice must be: (a) given: (i) in the approved manner (if any) and approved form (if any); or (ii) if there is no approved manner and no approved form—in writing; and (b) accompanied by any information or documents required by the Secretary. (4) If the Secretary receives a notice under subsection (2), the amount is transferred in accordance with the notice.