Before section 51 of the Principal Act insert —
The transfer of a licence or BYO permit takes effect on the later of the following—
(a) the date that the application for the transfer of the licence or BYO permit is granted;
(b) the date that the proposed transferee for the transfer of the licence or BYO permit gains the legal right to occupy the licensed premises.
(1) If the transfer of a licence or BYO permit takes effect in accordance with section 50B(b), the transferee must give a notice of right to occupy to the Commission within 24 hours of the transferee gaining the legal right to occupy the licensed premises.
Penalty: 5 penalty units.
(2) A notice of right to occupy referred to in subsection (1) must be in the prescribed form.".
Division 3—Demerit points