Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) The holder of an authorisation under this Part may, when ownership of the undertaking to which the authorisation applies is being transferred to another person, assign the holder's interest in the authorisation to the other person if:
(a) notice of the proposed assignment is given, in writing, to the airport environment officer for the airport concerned; and
(b) the airport environment officer is given a written acknowledgment by the transferee about the terms and any conditions of the authorisation; and
(c) at the end of 7 days after the airport environment officer has received the notice under paragraph (a) and the acknowledgment under paragraph (b)--the airport environment officer has indicated no objection to the assignment.
(2) An authorisation cannot be assigned if an airport environment officer, being satisfied that in all the circumstances it is proper to do so, gives the holder written notice that assignment of the authorisation is not permitted.
(3) For these Regulations, a person to whom an interest in an authorisation is validly assigned under this regulation becomes the holder of the authorisation.
(4) Before the end of 2 days after the end of the period within which the airport environment officer may indicate an objection, the airport environment officer must give a copy of the notice under paragraph (1)(a) and the acknowledgment under paragraph (1)(b) to the airport - lessee company for the airport.