10Cancellation or variation by application

10 Cancellation or variation by application

(1)  A person who is registered as the owner of a licence, with the consent of any other person registered as having an interest in that licence, may apply to the Registrar to –

(a) cancel the entry in the register in relation to that licence; or

(b) vary any details of that entry.

(2)  An application is to be –

(a) in an approved form; and

(b) accompanied by the prescribed fee.

(3)  The Registrar, on receipt of an application and on payment of the prescribed fee, may –

(a) subject to subsection (4) , cancel the entry in the register; or

(b) vary the entry in the register.

(4)  The Registrar is not to cancel an entry in the register in relation to the ownership of a licence unless –

(a) in relation to a relevant licence, the Minister has granted an application for the transfer of the licence under section 82 of the Living Marine Resources Management Act 1995 ; or

(b) in relation to an abalone quota licence, the Secretary has accepted an assignment of rights under a deed of agreement in relation to the abalone quota licence.

(5)  The Registrar, by notice in writing, is to notify the person registered as the owner of a licence and any other person registered as having an interest in that licence of any cancellation or variation of an entry in the register relating to that licence.