34KEffect of relocation or transfer of licence

34K Effect of relocation or transfer of licence

(1) If the Regulator grants a relocation application, the licence has effect as if the licence had been issued in respect of the premises to which it is relocated.

(2) If the Regulator grants a transfer application, the transferee is substituted as licensee of the licence from the date specified under subsection (3)—

(a) for the residue of the term for which the licence was issued to the transferor; or

(b) if the transfer takes place after an application for renewal of the licence has been made and before the date of operation of that renewal—for the period for which the licence is to be renewed.

(3) The relocation or transfer of a licence has effect from—

(a) the date that notice of the relocation or transfer is given to the licensee; or

(b) any later date specified in the notice of relocation or transfer.

Division 4—Suspension and cancellation of licence

S. 34L inserted by No. 51/2024 s. 8.