Commonwealth Numbered Acts

SHIPS (CAPITAL GRANTS) ACT 1987 No. 74, 1987 - SECT 35

35. (1) Where:

   (a)  a shipowner has been paid a grant in respect of a ship; and

   (b)  the shipowner proposes to transfer the ownership of the ship to
        another shipowner; the Secretary may, on the application of those
        shipowners, make a declaration in writing that, after the transfer,
        section 26 has effect in relation to the ship as if a reference in the
        section to the shipowner, other than the references in paragraph 26
        (1) (a) and 26 (2) (a), were a refernece to that second-mentioned
        shipowner, and, if the Secretary makes such a declaration, it has
        effect accordingly.

(2) Where the Secretary, in relation to an application, refuses to make a
declaration, the Secretary shall give the applicant notice in writing of the
refusal setting out the reasons for it.