48Transfer of business permission

### 48 Transfer of business permission > > (1)  The holder of a business permission in relation to a corridor may apply to the corridor manager in relation to the corridor for approval to transfer the permission. > > > (2)  An application for the transfer of a business permission in relation to a corridor is to be – > > > > > > (a) in writing; and > > > > > > > (b) accompanied by the fee, if any, determined by the corridor manager; and > > > > > > > (c) accompanied by any information and documents that the corridor manager requires; and > > > > > > > (d) lodged with the corridor manager before the transfer to which the application relates takes effect. > > > (3)  The corridor manager may, after receiving an application for the transfer of a business permission – > > > > > > (a) authorise the transfer, with or without conditions; or > > > > > > > (b) refuse to authorise the transfer. > > > (4)  The corridor manager must notify the applicant of the authorisation of a transfer of a business permission or the refusal to authorise the transfer of a business permission. > > > (5)  An authorisation of the transfer of a business permission is to be in the form determined by the Minister. > > > (6)  A transfer – > > > > > > (a) is of no effect unless it is authorised by the corridor manager; and > > > > > > > (b) if authorised by a corridor manager, takes effect on the date of issue of the authorisation.