(1) A person who is
registered as the holder of catch entitlement may request the CEO to transfer
to another person (the recipient ) part or all of the catch entitlement.
(2) The request must
be made in an approved manner and form.
(3) Following the
receipt of a request, the CEO must register the recipient as the holder of
catch entitlement up to the amount specified in the request —
(a) in
accordance with the regulations; and
(b)
subject to any conditions set out in the ARUP under which the catch
entitlement is allocated.
(4) A person who makes
a request referred to in subsection (1) may withdraw the request to the extent
that the recipient has not been registered as the holder of an amount of catch
entitlement specified in the request —
(a) in
accordance with the regulations; and
(b)
subject to any conditions in respect of the withdrawal of a request to
transfer the catch entitlement set out in the ARUP under which catch
entitlement is allocated.