South Australian Consolidated Acts (1) The holder of a
certification and another person (the
"transferee") may jointly apply to the Regulator for the certification to be
transferred from the holder of the certification to the transferee.
(2) The application
must be in writing and must contain—
(a) such
information as is prescribed by the regulations (if any); and
(b) such
information as is specified in writing by the Regulator.
(3) The Regulator must
not transfer the certification unless the Regulator is satisfied that, if the
certification is transferred, any conditions to which the certification is
subject will continue to be met.
(4) The Regulator must
give written notice of his or her decision on the application to the holder of
the certification and the transferee.
(5) If the Regulator
decides to transfer the certification—
(a) the
transfer takes effect on the date specified in the notice; and
(b) the
certification continues in force; and
(c) the
certification is subject to the same conditions as those in force immediately
before the transfer.