Section 50 of the Principal Act is amended by omitting subsection (3) and substituting the following subsection:

(3)  The Commission may refuse the transfer if –

(a) the licence is suspended under section 54 ; or

(b) the licence is subject to a notice of intention to suspend or cancel under section 55 ; 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.