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.