22Transfer of launch facility licence

22 Transfer of launch facility licence

(1) The Minister may, by written notice, transfer a launch facility licence to another person if the Minister could grant the licence to the other person under section 18.

Note: See section 25 for the procedure for transferring a launch facility licence.

(2) The transfer takes effect at the time specified in the notice. (3) The Minister must give a copy of the notice to: (a) the holder of the licence immediately before the transfer; and (b) the other person. (4) The licence continues to cover the same launch facility. (5) The licence is subject to the same conditions as those in force immediately before the transfer (unless the Minister varies the conditions). (6) The period for which the licence remains in force continues to run despite the transfer.