Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For paragraph 121(4)(a) of the Code, a person who is the transferee of a business:
(a) involving the manufacture of chemical products; and
(b) in relation to which a licence has been issued;
is an exempt person in relation to the manufacture of a product the production of which is authorised by the licence, subject to the following conditions:
(c) that the person notifies the APVMA, in writing, of the transfer not later than 6 weeks after it is agreed;
(d) that the person complies with the terms of the licence as if he or she were the holder of the licence;
(e) that the person applies for a licence in relation to the business, in accordance with section 122 of the Code, within 3 months after acquiring the business.
(2) An exemption under subregulation (1):
(a) ceases to have effect if the person's application under paragraph (1)(e) is refused by the APVMA; and
(b) has no effect if the licence referred to in paragraph
(1)(b) is not in force.