New South Wales Consolidated Acts

CHILDREN (EDUCATION AND CARE SERVICES) NATIONAL LAW (NSW) - SECT 118

118 Transfer of approval in principle

(1) The approval in principle holder (
"transferring approval in principle holder" ) may transfer the approval in principle to another person (
"receiving approval in principle holder" ).

(2) A transfer takes effect on the day the Regulatory Authority receives a notice of transfer in accordance with subsection (3).

(3) A notice of transfer must--

(a) be in writing; and

(b) be signed by both the transferring approval in principle holder and the receiving approval in principle holder; and

(c) include the prescribed information; and

(d) include payment of the prescribed fee.

(4) As soon as practicable after receiving a notice of transfer, the Regulatory Authority must--

(a) amend the approval in principle to specify the name of the receiving approval in principle holder; and

(b) provide an amended copy of the approval in principle to the receiving approval in principle holder.