80RTransfer of registration

#### 80R Transfer of registration (1) Except as set out in subsections (2), (3) and (4), the registration of a person is not transferable. (2) If a registered person dies, the legal personal representative of the person’s estate becomes the registered person for the purposes of this Act. (3) If a registered person becomes bankrupt, the trustee of the estate of the bankrupt becomes the registered person for the purposes of this Act. (4) If a body corporate that is registered is being wound up, the person appointed to be the liquidator of the body corporate becomes the registered person for the purposes of this Act. (5) If a person becomes a registered person because of the operation of subsection (2), (3) or (4), the person must, as soon as practicable, give the Director notice in writing: (a) that the person is registered; and (b) of the reason why the person became registered; so that the Register can be appropriately updated. (6) If: (a) a body corporate appearing on the Register is taken over by another person (whether or not appearing on the Register); and (b) as a result of that takeover the body corporate ceases to exist; that other person must notify the Director of particulars of the takeover within 7 days after the takeover takes effect. (7) If a body corporate appearing on the Register and another body corporate (whether or not appearing on the Register) merge to form a new body corporate, the new body corporate must notify the Director of the merger within 7 days of its taking effect.