Notice of change of ownership of registered property
34 Notice of change of ownership of registered property
(1) This regulation applies if the ownership of a registered property is transferred by sale or otherwise.
(2) The new owner of the property must give the Registrar notice of the change of ownership within 28 days after the date of transfer.
Fault element: Strict liability offence.
Maximum penalty: 20 penalty units.
(3) The notice must specify whether the new owner intends to keep identifiable livestock on the property.
(4) If the new owner intends to keep identifiable livestock on the property, the Registrar must:
(a) cancel the existing certificate of registration for the PIC registered for the property; and
(b) issue to the new owner a new certificate of registration for the PIC; and
alter the PIC register as appropriate.
(5) If the new owner does not intend to keep identifiable livestock on the property, the Registrar must:
(a) cancel the certificate of registration for the PIC registered for the property; and
alter the PIC register as appropriate.
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