Subdiv 13Dealing with licence

Subdivision 13—Dealing with licence 50—Dealing with licence (1) Subject to this section and the conditions of the licence, a licence must not be transferred, assigned, held subject to a trust or otherwise dealt with, whether directly or indirectly, without the consent of the Minister. (2) The Minister must, before consenting to a matter referred to in subsection (1), comply with the requirements (if any) prescribed by the regulations. (3) If a licensee transfers or assigns a licence— (a) all accrued and accruing liabilities to the Crown pass to the transferee or assignee; and (b) any such liabilities that had accrued before the date of the transfer or assignment may be enforced against the transferor or assignor (who will be regarded as jointly and severally liable with the transferee or assignee).