127KMethod for transferring charter fishing businesses and their components

127K Method for transferring charter fishing businesses and their components

127K Method for transferring charter fishing businesses and their components

(1) A transfer of a recognised charter fishing business or a component of a recognised charter fishing business must be effected—

(a) by electronic transfer (that is, by using the online transfer system), or

(b) by manual transfer (that is, by giving the Secretary notice in writing of the transfer).

(2) The regulations may prescribe fees for the use of the online transfer system.

(3) For a manual transfer, the notice given to the Secretary must be in a form approved by the Secretary and must be accompanied by the prescribed fee (if any) for manual transfers.

(4) A transfer of a recognised charter fishing business or a component of a recognised charter fishing business does not take effect until the transfer is confirmed.

(5) An electronic transfer is confirmed if the online transfer system generates a message to the effect that the transfer is confirmed.

(6) A manual transfer is confirmed if the Secretary gives notice in writing to the person lodging the transfer that the transfer has been approved.

(7) If a transfer is confirmed, the Secretary must ensure a new charter fishing business determination is made that recognises the transfer.

(8) This section does not authorise a transfer of a recognised charter fishing business or a component of a recognised charter fishing business contrary to the charter fishing business transfer rules.

(9) In this section—

online transfer system means a facility approved by the Secretary that enables the transfer of recognised charter fishing businesses or their components by electronic communication.

s 127K: Ins 2015 No 59, Sch 1[91].