48   Restrictions on transfer of licences

(1)  A licence may be transferred only if:

(a)  the conditions of the licence permit the licence to be transferred, and

(b)  the licence specifies a parcel of land that benefits from the licence (the benefited land), and

(c)  the licence is transferred to the owner or holder of the benefited land.

(2)  If the licence is, at any time, held by a person who is not the owner or holder of the benefited land, the Minister may revoke the licence without notice. Compensation is not payable on the revocation of the licence.

(3)  This section does not apply in relation to a licence authorising the use or occupation of Crown land for the purposes of constructing, operating or maintaining telecommunications infrastructure.