(1) The Minister must
register the transfer of a licence or a share in a licence if —
(a) a
party to the transfer lodges the instrument of transfer for registration; and
(b) a
party to the transfer lodges a copy of the instrument of transfer; and
(c) the
transfer has been approved by the Minister; and
(d) the
licence is lodged with the Minister for annotation under subsection (5); and
(e) the
fee provided for in the Registration Fees Act is paid; and
(f) the
fee prescribed by the regulations is paid; and
(g)
section 341 (caveats) does not prevent the registration of the transfer.
Note:
Paragraph (c): the
Minister’s approval is endorsed on the transfer (see section 365(3)).
(2) The Minister must
also register the date and time of registration of the transfer.
(3) If an instrument
purports to transfer a licence or a share in a licence, the Minister must
register the instrument under this section without inquiring into or being
concerned as to the legal effectiveness of the instrument.
(4) If an instrument
that transfers a licence or a share in a licence is registered, the Minister
must register the name of the transferee as a licence holder.
(5) If the Minister
registers the transfer of a licence or a share in a licence, the Minister must
annotate the licence to show the transferee as a licence holder.
(6) The Minister must
—
(a) keep
the copy of the transfer;
(b)
return the transfer to the person who lodged it; and
(c)
return the annotated licence to the person who lodged it.
(7) The registration
of a document under this section does not give the document any greater effect
than it would have had apart from this Act.