362Transfers require approval by Minister

362 Transfers require approval by Minister

362 Transfers require approval by Minister

(1) The transfer of a licence is not to be registered under section 338 unless it has been approved by the Minister.

Note 1—

For “transfer” of a licence see section 7 (1).

Note 2—

A transfer is a dealing and under section 361 does not take effect until registered.

(2) The transfer of a share in a licence is not to be registered under section 338 unless it has been approved by the Minister.

Note 1—

For “transfer” in a share of a licence see section 7 (2) and (3).

Note 2—

A transfer is a dealing and under section 361 does not take effect until registered.