sec.191Approving application to transfer licence

### sec.191 Approving application to transfer licence If the chief executive decides to approve the application, the chief executive must, within 30 business days after making the decision (the notice period )— give the applicant and transferee notice of the decision, including the reasons for the decision; and subject to subsection (3) , cancel the existing licence and give a new licence to the transferee. If the application was for the transfer of all or part of a distribution operations licence, the chief executive must also, within the notice period, give notice of the decision to— the current infrastructure owner, unless the owner was the applicant; and if the transferee is the nominee of the incoming owner—the incoming owner. If the application was not to transfer all of a licence, the chief executive must, within the notice period, give the holder of the part (the remaining part ) of the licence that was not transferred an amended licence for the remaining part. The new licence takes effect from the day the notice is given under subsection (1) (a) . s 191 (prev s 189B) ins 2001 No. 75 s 46 renum 2001 No. 75 s 50 amd 2005 No. 19 s 71 sub 2014 No. 64 ss 67 (1) , 68 (sec.191-ssec.1) If the chief executive decides to approve the application, the chief executive must, within 30 business days after making the decision (the notice period )— give the applicant and transferee notice of the decision, including the reasons for the decision; and subject to subsection (3) , cancel the existing licence and give a new licence to the transferee. (sec.191-ssec.2) If the application was for the transfer of all or part of a distribution operations licence, the chief executive must also, within the notice period, give notice of the decision to— the current infrastructure owner, unless the owner was the applicant; and if the transferee is the nominee of the incoming owner—the incoming owner. (sec.191-ssec.3) If the application was not to transfer all of a licence, the chief executive must, within the notice period, give the holder of the part (the remaining part ) of the licence that was not transferred an amended licence for the remaining part. (sec.191-ssec.4) The new licence takes effect from the day the notice is given under subsection (1) (a) . - (a) give the applicant and transferee notice of the decision, including the reasons for the decision; and - (b) subject to subsection (3) , cancel the existing licence and give a new licence to the transferee. - (a) the current infrastructure owner, unless the owner was the applicant; and - (b) if the transferee is the nominee of the incoming owner—the incoming owner.