(1) The holder of a type certificate (the licensor ) may confer the benefits of the certificate on another person (the licensee ) by making a licensing agreement with the licensee.
(2) The licensor commits an offence if the licensor does not, within 30 days after making the licensing agreement, give CASA a written notice stating:
(a) the date of the licensing agreement; and
(b) the name and address of the licensee; and
(c) the benefits conferred on the licensee.
(3) The licensor commits an offence if:
(a) the licensing agreement is terminated; and
(b) the licensor does not, within 30 days after the termination, give CASA a written notice stating the date of the termination.
(4) An offence against this regulation is an offence of strict liability.
Source FARs section 21.047 modified.