sec.151Steps after approval of transfer

sec.151 Steps after approval of transfer

This section applies if the chief executive decides to approve the transfer of a commercial activity permit under section 150 . The chief executive must cancel the existing commercial activity permit and give the proposed transferee a new commercial activity permit— authorising the same activity as the cancelled permit immediately before it was cancelled under this section; and with a term— starting on the later of the following days (the transfer day )— the day the application is decided; the day stated in the application for the approval of the transfer as the day on which the transfer is to take effect; and ending on the day the cancelled permit would otherwise have ended; and subject to the same conditions as the cancelled permit immediately before it was cancelled under this section. Despite subsection (2) (c) , the chief executive may impose a new or different condition on the commercial activity permit if any of the following apply to the condition— the condition provides for an indemnity for the State against any liability for loss or damage suffered by any person and caused, whether directly or indirectly, by the activities conducted under the permit; the condition provides for the compensation or reimbursement of any loss or expense incurred by the State in relation to activities conducted under the permit; the condition is another condition that the proposed transferee has agreed to. For a joint marine park permit, subsections (2) and (3) apply only to the part of the permit that is a commercial activity permit. (sec.151-ssec.1) This section applies if the chief executive decides to approve the transfer of a commercial activity permit under section 150 . (sec.151-ssec.2) The chief executive must cancel the existing commercial activity permit and give the proposed transferee a new commercial activity permit— authorising the same activity as the cancelled permit immediately before it was cancelled under this section; and with a term— starting on the later of the following days (the transfer day )— the day the application is decided; the day stated in the application for the approval of the transfer as the day on which the transfer is to take effect; and ending on the day the cancelled permit would otherwise have ended; and subject to the same conditions as the cancelled permit immediately before it was cancelled under this section. (sec.151-ssec.3) Despite subsection (2) (c) , the chief executive may impose a new or different condition on the commercial activity permit if any of the following apply to the condition— the condition provides for an indemnity for the State against any liability for loss or damage suffered by any person and caused, whether directly or indirectly, by the activities conducted under the permit; the condition provides for the compensation or reimbursement of any loss or expense incurred by the State in relation to activities conducted under the permit; the condition is another condition that the proposed transferee has agreed to. (sec.151-ssec.4) For a joint marine park permit, subsections (2) and (3) apply only to the part of the permit that is a commercial activity permit.