Transfer of quotas
35 Transfer of quotas
If:
a licensee is allocated an HCFC quota; and
the CEO transfers the licence under section 19B;
the unused part of the quota is taken to have been allocated to the transferee on the date of the transfer.
A licensee (including the licensee for a suspended licence) may, without transferring the licensee’s licence, transfer to another licensee the unused part of:
an HCFC quota allocated to the first licensee for a quota period; and
each HCFC quota (if any) allocated to the first licensee for later quota periods.
A licensee (including the licensee for a suspended licence) may, instead of transferring the whole of the unused parts of the quotas mentioned in subsection (2):
choose a particular percentage; and
without transferring the licensee’s licence, transfer to another licensee the lesser of the following percentages of each of those quotas:
the chosen percentage;
the percentage of the quota that is unused.
A transfer mentioned in subsection (2) has no effect until the transferor notifies the CEO of the transfer.
A notice must:
state the transferee’s name, address and licence number; and
specify the amount of quota transferred.
After a transfer mentioned in subsection (2) takes effect:
the transferred quota, or part of a quota, is taken to have been allocated to the transferee; and
if part of a quota is transferred—the transferor is taken to have been allocated the untransferred part of the quota.
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