42Transfer of Australian high power rocket permit

42 Transfer of Australian high power rocket permit

(1) The Minister may, by written notice, transfer an Australian high power rocket permit to another person if the Minister could grant the permit to the other person under section 38.

Note: See section 45 for the procedure for transferring an Australian high power rocket permit.

(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 permit immediately before the transfer; and (b) the other person. (4) The permit continues to cover the same facility or place and the same high power rocket. (5) The permit 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 permit remains in force continues to run despite the transfer.