(1) The Minister may,
in the Minister's absolute discretion, determine that a taxi licence held
under the Act or these regulations on the basis that it cannot be transferred
or assigned will, from the date that the determination takes effect, be
capable of being transferred or assigned (subject to the operation of
section 49 of the Act).
(2) The Minister may
fix a fee that is payable by the holder of a taxi licence that is subject to a
determination of the Minister under subregulation (1).
(3) A fee fixed under
subregulation (2) may, if the Minister so determines, be payable in
instalments.
(4) However, a fee is
not payable under subregulation (2) unless the determination of the
Minister under subregulation (1) is made on the application, or with the
concurrence, of the holder of the taxi licence.
(5) If the Minister
consents to a dealing with a licence that is less than a complete transfer,
then, unless the Minister otherwise determines—
(a) the
consent is subject to a condition that the dealing will only operate for a
period of 1 year; and
(b) the
holder of the licence must, if the dealing is to be renewed or continued
beyond that period, reapply under this regulation and obtain the Minister's
consent to its renewal or continuance for a further period of 1 year.