Variation of terms of transfer
109Q Variation of terms of transfer
This section applies if—
the commissioner has, under section 109M, approved the transfer, by the transferor licensee, of entitlements for the transferor licensed premises to the transferee licensee on a permanent basis under this division; and
the transfer has not yet taken place; and
the licensees propose to vary the consideration for the transfer.
The transferor licensee must apply to the commissioner for approval of the variation.
The application must be—
in writing; and
accompanied by the fee, if any, prescribed under a regulation.
The commissioner must grant the application if the requirement mentioned in section 109N will still be satisfied.
If the commissioner grants the application, the commissioner must give the transferor licensee a written notice of the decision.
The commissioner must refuse to grant the application if the requirement mentioned in section 109N will not be satisfied.
If the commissioner refuses to grant the application, the commissioner must give the transferor licensee a written notice stating the decision and the reasons for the decision.
This provision refers to the regulations (a regulation
). Made under this Act:
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