Certain licences transferable
21 Certain licences transferable
A licence is transferable only in the circumstances mentioned in this section.
The following licences may be transferred on a sale of a business—
• armourer’s licence
• dealer’s licence
• security licence (organisation)
• theatrical ordnance supplier’s licence.
The proposed purchaser of the business must apply for the appropriate licence under section 13.
If an authorised officer is satisfied the proposed purchaser is otherwise entitled to be issued with the licence, the authorised officer may approve the transfer of the licence subject to the sale of a business being finalised.
If an authorised officer approves the transfer, the purchaser is taken to be the holder of the licence from the time the sale is finalised until the licence is formally transferred or a fresh licence is issued in the purchaser’s name for the balance of the original licence’s term.
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