56 Transfer of licences S. 56 (Heading) (1) This section applies to a fishery licence that is inserted by No. 35/2009 transferable. s. 60(1). (2) The holder of the licence or a registered financial S. 56 substituted by interest in the licence may, together with the No. 5/1997 proposed transferee, apply to the Secretary for the s. 9. transfer of the licence to the transferee in accordance with the regulations. (3) The Secretary must grant an application for the S. 56(3) amended by transfer of the licence if— No. 35/2009 s. 60(2). S. 56(3)(a) (a) the proposed transferee has satisfied the amended by Secretary that he or she is a fit and proper No. 35/2009 person to hold the licence and satisfies any s. 60(3)(a). relevant eligibility criteria; and (b) the Secretary is satisfied that the licence is S. 56(3)(b) amended by not subject to any action under sections 57 No. 35/2009 or 58; and s. 60(3)(b). S. 56(3)(c) (c) in the case of a licence to be transferred by amended by the holder of the licence, the Secretary is No. 35/2009 satisfied that the holders of any registered s. 60(3)(c). financial interests in the licence consent to the transfer of the licence; and S. 56(3)(d) (d) in the case of a licence to be transferred by amended by the holder of a registered financial interest, No. 35/2009 the Secretary is satisfied that— s. 60(3)(d). (i) the holder of the licence was, within 7 days of the Secretary receiving the application, given notice by the Secretary of the application to transfer the licence; and (ii) any other holders of a registered financial interest in the licence consent to the transfer.
S. 56 (Heading) inserted by No. 35/2009 s. 60(1). S. 56 substituted by No. 5/1997 s. 9. 56 Transfer of licences (1) This section applies to a fishery licence that is transferable. (2) The holder of the licence or a registered financial interest in the licence may, together with the proposed transferee, apply to the Secretary for the transfer of the licence to the transferee in accordance with the regulations. S. 56(3) amended by No. 35/2009 s. 60(2). (3) The Secretary must grant an application for the transfer of the licence if— S. 56(3)(a) amended by No. 35/2009 s. 60(3)(a). (a) the proposed transferee has satisfied the Secretary that he or she is a fit and proper person to hold the licence and satisfies any relevant eligibility criteria; and S. 56(3)(b) amended by No. 35/2009 s. 60(3)(b). (b) the Secretary is satisfied that the licence is not subject to any action under sections 57 or 58; and S. 56(3)(c) amended by No. 35/2009 s. 60(3)(c). (c) in the case of a licence to be transferred by the holder of the licence, the Secretary is satisfied that the holders of any registered financial interests in the licence consent to the transfer of the licence; and S. 56(3)(d) amended by No. 35/2009 s. 60(3)(d). (d) in the case of a licence to be transferred by the holder of a registered financial interest, the Secretary is satisfied that— (i) the holder of the licence was, within 7 days of the Secretary receiving the application, given notice by the Secretary of the application to transfer the licence; and (ii) any other holders of a registered financial interest in the licence consent to the transfer.
95-92a082.docx