Section 31 of the Principal Act is amended as follows:

(a) by inserting in subsection (3) "sole" after "be the" ;

(b) by omitting subsection (4) and substituting the following subsection:

(4)  The Commission may refuse the transfer of an owner-operator taxi licence if –

(a) the licence is suspended under section 35 ; or

(b) the licence is subject to a notice of intention to suspend or cancel under section 36 ; or

(c) a notice has been given, in accordance with section 31(2) of the Passenger Transport Services Act 2011 , to the person to whom the licence has been issued, of an intention to suspend or cancel the accreditation of the person and the Commission has not made a determination under section 31 of that Act to suspend or cancel, or not to suspend or cancel, the accreditation of the person.