228KNature of accreditation

228K Nature of accreditation (1) An accreditation— (a) is personal to the accredited company; (b) is not capable of being transferred or assigned to any other person or, subject to subsection (3), otherwise dealt with by the accredited company; (c) does not vest by operation of law in any other person. (2) A purported transfer or assignment of an accreditation and any other purported dealing by the accredited company with an accreditation (otherwise than under and in accordance with subsection (3)) is of no effect. S. 228K(3) amended by Nos 47/2006 s. 31(1)(Sch. 1 Pt 1 item 39), 34/2011 s. 93. (3) An accredited company may, with the consent of the Secretary and in accordance with the regulations, surrender an accreditation. (4) This section has effect despite anything in any Act or rule of law to the contrary. S. 228L inserted by No. 104/1997 s. 37 (as amended by No. 45/1999 s. 39(e)), amended by No. 95/2005 s. 27(1)(10), repealed by No. 95/2005 s. 44. S. 228M (Heading) inserted by No. 47/2006 s. 27(1), amended by No. 34/2011 s. 94(1). S. 228M inserted by No. 104/1997 s. 37 (as amended by No. 45/1999 s. 39(f)), amended by Nos 95/2005 s. 27(1)(11), 47/2006 s. 27(2), 34/2011 s. 94(2).