Pearling (General) Regulations 1991

A request under section 32 of the Act for the approval of a transfer is to be made to the CEO in an approved form (or, if no form is approved, in writing) with the appropriate fee as set out in the Table to this regulation.

A request for the approval of a transfer (an approved transfer) under section 32(5) of the Act of part, or all, of a quota (the approved quota) may be made in relation to a permanent or temporary approved transfer, but the request can be made only if the holder of the licence from which part, or all, of the quota is to be transferred —

has returned to an inspector any tags issued in relation to the approved quota; and

in relation to a permanent approved transfer — has paid any outstanding fee for the issue or renewal of the licence (including any instalments that are not yet due).

On an approved transfer taking place, the conditions of the licence from which, and of the licence to which, the approved quota is transferred are varied as specified by the CEO by notice in writing served on the holder of the licence.

Without limiting subregulation (3), a notice under that subregulation to the holder of a licence is to specify the variation in the quota that applies to the licence as a result of the approved transfer.

In the case of a temporary approved transfer, any variation under subregulation (3) to the conditions of a licence ceases to have effect on the expiry of the period during which the approved transfer has effect.