Western Australian Current Acts Western Australian Current Acts (1) The holder of a
resource share in an aquatic resource may, in accordance with the relevant
ARUP or the regulations, request the CEO to transfer the share to another
person (the recipient ).
(2) On receipt of a
request under subsection (1) the CEO must transfer the share by registering
the recipient as the holder of the resource share unless subsection (3)
applies.
(3) The CEO must not
transfer a resource share if —
(a) a
fee or fine payable by the holder of the share under this Act is outstanding;
or
(b) the
share is nominated as surety for an authorisation; or
(c) the
recipient is a person who is not eligible under the relevant ARUP to hold the
share; or
(d) the
CEO has, under section 156, given details of the request to a security holder
unless —
(i)
21 days has expired from the day on which the details
were given; or
(ii)
the CEO has the written consent of the holder of the
share and the security holder to do so.