150BTransfer of entitlement to exempt boat

150B Transfer of entitlement to exempt boat

150B Transfer of entitlement to exempt boat

(1) A person who, immediately before the commencement of this clause, held a relevant fishing boat licence may transfer the entitlement to an exempt boat to another person.

(2) The person to whom the entitlement to an exempt boat is transferred under subclause (1) may transfer the entitlement to another person.

(3) If a person transfers an entitlement under subclause (1) or (2)—

(a) the transferee is entitled to an exempt boat as if the person was the holder of the relevant fishing boat licence, and

(b) the transferor is no longer entitled to an exempt boat.

cl 150B: Ins 2022 (688), Sch 3[19].