(1) On receiving an application under this section, the Minister may transfer all or part of the maximum rate of take that applies to a general place of take approval held by one applicant to a general place of take approval held by the other applicant.
(2) The holders of general place of take approvals may apply to the Minister to transfer under subsection (1) all or part of the maximum rate of take of one approval to another approval.
(3) In deciding whether to transfer a maximum rate of take under subsection (1), the Minister—
(a) must apply any relevant rules made under Division 4; and
(b) may have regard to any other matter the Minister considers relevant.
S. 64FO inserted by No. 48/2021 s. 32 (as amended by No. 10/2023 ss 7–13).