r. 77 (a) complete and sign the relevant section of a transfer of ownership in the form approved for that purpose by the Safety Director; and (b) give the completed transfer of ownership to the Safety Director. Penalty: 20 penalty units. 77 Transfer of safe construction certificate (1) On receiving a completed transfer of ownership under regulation 76, the Safety Director must transfer any safe construction certificate the Safety Director has issued in respect of the vessel or fleet of vessels into the name of the person acquiring the vessel or fleet of vessels. (2) To avoid doubt, the transfer of a certificate under subregulation (1) does not have the effect of extending the expiry date of the certificate. 78 Transfer of safe operation certificate (1) A person who acquires a commercially operated vessel or fleet of vessels may apply to the Safety Director for any safe operation certificate the Safety Director has issued in respect of the vessel or fleet of vessels to be transferred into the name of the person acquiring the vessel or fleet of vessels. (2) An application under subregulation (1) must— (a) be in the form approved by the Safety Director; and (b) contain a declaration that the applicant will, until the applicant advises the Safety Director otherwise, ensure that the vessel or fleet of vessels is operated— (i) in the same geographic area as it was prior to the transfer of ownership; and
(a) complete and sign the relevant section of a transfer of ownership in the form approved for that purpose by the Safety Director; and (b) give the completed transfer of ownership to the Safety Director. Penalty: 20 penalty units. 77 Transfer of safe construction certificate (1) On receiving a completed transfer of ownership under regulation 76, the Safety Director must transfer any safe construction certificate the Safety Director has issued in respect of the vessel or fleet of vessels into the name of the person acquiring the vessel or fleet of vessels. (2) To avoid doubt, the transfer of a certificate under subregulation (1) does not have the effect of extending the expiry date of the certificate. 78 Transfer of safe operation certificate r. 77 (1) A person who acquires a commercially operated vessel or fleet of vessels may apply to the Safety Director for any safe operation certificate the Safety Director has issued in respect of the vessel or fleet of vessels to be transferred into the name of the person acquiring the vessel or fleet of vessels. (2) An application under subregulation (1) must— (a) be in the form approved by the Safety Director; and (b) contain a declaration that the applicant will, until the applicant advises the Safety Director otherwise, ensure that the vessel or fleet of vessels is operated— (i) in the same geographic area as it was prior to the transfer of ownership; and
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