Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) An application may be made to the Secretary for the transfer of a licence from the licensee to another person (the proposed transferee ).
(2) The application must be made jointly by the licensee and the proposed transferee in a form approved by the Secretary.
(3) Regulations 4AK to 4AO apply to an application under this regulation as if the proposed transferee were the applicant for a licence.
(4) On a transfer of the licence, the transferee becomes the licensee and:
(a) has the authority conferred by the licence on a licensee; and
(b) is subject to the obligations imposed on the licensee by this Part and the licence conditions.
(5) The transfer of a licence does not affect the term of a licence.
Note: An application may be made to the Administrative Review Tribunal for a review of a decision by the Secretary under regulation 4AL as applied by this regulation--see regulation 4CN.