340Devolution of licences

340 Devolution of licences

340 Devolution of licences

(1) If:

(a) the rights of a licence holder have devolved to a person by operation of law, and

(b) the person applies to the Minister in writing to be registered as a licence holder, and

(c) the licence is lodged with the Minister for annotation under subsection (3), and

(d) the person pays the fee prescribed by the regulations, and

(e) the Minister is satisfied that the applicant is entitled to those rights, and

(f) section 341 (caveats) does not prevent the registration of the person as a licence holder,

the Minister must register the person as a licence holder.

(2) If the Minister registers a person as a licence holder under subsection (1), the Minister must also register the date and time of registration.

(3) If the Minister registers a person as a licence holder under subsection (1), the Minister must annotate the licence accordingly.

(4) The Minister must return the annotated licence to the person who lodged it.

(5) This section applies to 2 or more persons to whom rights have devolved in the same way as it applies to a single person to whom rights have devolved.