(1) If ownership of a
registered vessel is transferred, the new owner must, within 14 days of
the transfer, or within such longer period as the CE may allow, give written
notice to the CE of the change in the registered owner's name or address.
Maximum penalty: $750.
(2) A person may apply
for the registration of a vessel that is unexpired to be transferred to the
new owner of a vessel.
(3) An application for
transfer of registration—
(a) must
be made to the CE in a manner and form determined by the CE; and
(b)
subject to subregulation (4), must be accompanied by—
(i)
such other information and records as the CE may
reasonably require; and
(ii)
the fee (if any) fixed by Schedule 11.
(4) Without limiting
the power of the CE to waive or reduce fees under these regulations, the CE
must, if they are satisfied that an application for transfer of registration
of a vessel has been lodged only for the purpose of transferring registration
of the vessel into the name of 1 or more of the vessel's joint owners
following the death of a joint owner of the vessel, waive the fee fixed by
Schedule 11 in respect of the application.
(5) Subject to this
Division, if a person applies for transfer of registration of a vessel in
accordance with this regulation, the CE must grant the application.
Note—
However, the CE must not grant the application unless HIN plates are fixed to
the vessel in accordance with Subdivision 6—see
regulation 81(4).