Effective date of transfer
96CK Effective date of transfer
(1) If the Joint Authority approves an application for the transfer of fishery units or quota units to the holder of an ONLF licence, the transfer takes effect on the later of:
the day after the date the approval is given; or
the date of transfer specified in the application.
(2) If the Joint Authority approves an application for the transfer of fishery units or quota units to an applicant for, or person who intends to apply for, an ONLF licence:
(a) the approval is conditional on the applicant or person being granted an ONLF licence within 14 days after the date the approval is given; and
the transfer takes effect on the later of:
the date the licence is granted to the person; or
the date of transfer specified in the application.
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