25JTransfer of licence

25J Transfer of licence

(1) The holder of a licence may apply to the Commission for approval to transfer the licence.

S. 25J(2) amended by No. 75/2004 s. 66(1).

(2) An application must be in a form approved by the Commission and be accompanied by such documents as may be required by the Commission.

(3) An application must be accompanied by the application fee (if any) fixed by the Commission.

(4) The Commission must publish in a daily newspaper generally circulating in Victoria a notice—

(a) specifying that an application for the transfer of the licence has been lodged with the Commission for the transfer by the holder to a proposed transferee specified in the notice; and

(b) inviting interested persons to make submissions to the Commission in respect of the application within the period and in the manner specified in the notice.

(5) Subject to this section, the Commission may approve, or refuse to approve, the application for any reason it considers appropriate, having regard to the objectives specified in section 14.

(6) The Commission must not approve the application unless the Commission is satisfied that the proposed transferee has the capacity to comply with the conditions of the licence.

S. 25J(7) amended by No. 75/2004 s. 66(2)(3).

(7) The Commission may decide that, upon the transfer of the licence under this section, the conditions to which the licence is subject are varied as decided by the Commission.

S. 25J(8) amended by No. 75/2004 s. 66(2).

(8) Subject to this section, the Commission may decide the procedures that are to apply in respect of the transfer of the licences.

(9) The Commission must notify an applicant in writing of its decision to approve or refuse to approve the application and, in the case of a decision to refuse to approve the application, of the reasons for its decision.

S. 25K inserted by No. 62/2001 s. 85(1), repealed by No. 75/2004 s. 67.