(1)  If the holder of a luxury hire car licence wishes to transfer the licence to another vehicle, the holder of the licence must, in a form approved by the Commission and on payment of the prescribed fee, apply to the Commission for approval for that transfer before transferring the licence.

(2)  The Commission may approve the transfer if the Commission –

(a) is satisfied that the vehicle to which the luxury hire car licence is to relate is a luxury hire car; and

(b) is satisfied that the applicant is the registered operator of that vehicle.

(3)  The Commission may refuse the transfer if –

(a) the luxury hire car licence has lapsed as mentioned in section 76 ; or

(b) the licence is suspended under section 82 ; or

(c) the licence is subject to a notice of intention to suspend or cancel under section 82 .