Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a licensee is allocated an HCFC quota; and
(b) the Minister transfers the licence under section 19B;
the unused part of the quota is taken to have been allocated to the transferee on the date of the transfer.
(2) A licensee (including the licensee for a suspended licence) may, without transferring the licensee's licence, transfer to another licensee the unused part of:
(a) an HCFC quota allocated to the first licensee for a quota period; and
(b) each HCFC quota (if any) allocated to the first licensee for later quota periods.
(2A) A licensee (including the licensee for a suspended licence) may, instead of transferring the whole of the unused parts of the quotas mentioned in subsection (2):
(a) choose a particular percentage; and
(b) without transferring the licensee's licence, transfer to another licensee the lesser of the following percentages of each of those quotas:
(i) the chosen percentage;
(ii) the percentage of the quota that is unused.
(3) A transfer mentioned in subsection (2) has no effect until the transferor notifies the Minister of the transfer.
(4) A notice must:
(a) state the transferee's name, address and licence number; and
(b) specify the amount of quota transferred.
(5) After a transfer mentioned in subsection (2) takes effect:
(a) the transferred quota, or part of a quota, is taken to have been allocated to the transferee; and
(b) if part of a quota is transferred--the transferor is taken to have been allocated the untransferred part of the quota.