Transfer of business permission
48 Transfer of business permission
The holder of a business permission in relation to a corridor may apply to the corridor manager in relation to the corridor for approval to transfer the permission.
An application for the transfer of a business permission in relation to a corridor is to be – in writing; and accompanied by the fee, if any, determined by the corridor manager; and accompanied by any information and documents that the corridor manager requires; and lodged with the corridor manager before the transfer to which the application relates takes effect.
The corridor manager may, after receiving an application for the transfer of a business permission – authorise the transfer, with or without conditions; or refuse to authorise the transfer.
The corridor manager must notify the applicant of the authorisation of a transfer of a business permission or the refusal to authorise the transfer of a business permission.
An authorisation of the transfer of a business permission is to be in the form determined by the Minister.
A transfer – is of no effect unless it is authorised by the corridor manager; and if authorised by a corridor manager, takes effect on the date of issue of the authorisation.
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