(1) A person who becomes the owner of a registered boat, within 14 days after becoming the owner of the boat, must apply to the Victorian Fisheries Authority for the transfer of the registration of the boat if the boat is to be used for one or more activities specified in regulation 108(1).
Penalty: 20 penalty units.
(2) The Victorian Fisheries Authority may transfer the registration of the boat if—
(a) the Victorian Fisheries Authority is satisfied that the boat is to be used for one or more activities specified in regulation 108(1); and
(b) the applicant has paid the prescribed fee for the transfer of the registration of the boat.
(3) On the transfer of the registration of the boat the Victorian Fisheries Authority must issue a certificate of registration in the name of the new owner of the boat that specifies—
(a) the registration number of the boat; and
(b) the identifying mark to be displayed on the boat.