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Transfer of Ownership
Required Documents:
- Bill of Sale (form SR14) completed in full by the current registered owner/s;
- Declaration of Transfer (form SR4) made by the new owner/s after the Bill of Sale has been completed;
- Ship's Certificate of Registry ("the blue book");
- Fee of $335.
- The New owner must lodge the documents within 3 months of the date of the bill of sale. Failure to do this means the new owner can incur a fine of up to $2000.
Transactions are processed in the order in which they are received by the Registrar. The approximate processing time is five working days from receipt of the correctly completed documents and payment of the fee.
Transfers of ownership can be complex if there are a number of owners involved. There may be decisions to make about the type of ownership (joint or ownership in common) required and this may affect the number of bills of sale and declarations of transfer to be completed. You should contact the Registrar for advice before completing any forms.
Registering the death of a joint owner (Transmission by operation of law)
Where a joint owner of a ship or shares in a ship dies, ownership passes to
the surviving joint owner/s by operation of law. The transmission must be
registered before the surviving joint owner/s can deal with the ship, eg. sell
or mortgage it.
Required Documents:
- Declaration of Transmission form SR13 completed by the surviving joint owner/s;
- Declaration of Identity form SR29 made by a person well acquainted with the deceased, who must not be the joint owner/s to whom the ownership is to be transmitted;
- Certified copy death certificate;
- Ship's Certificate of Registry, "the blue book";
- Fee of $335.
Transactions are registered in the order in which they are received by the Registrar. The approximate processing time is five working days from receipt of the correctly completed documents and payment of the fee.
Registering the death of a sole owner/mortgagee (Transmission by operation of law)
Where the sole owner of a ship or shares in a ship dies, ownership passes by
transmission to the legal personal representative/s of the deceased, ie. to the
trustees of the deceased's estate. The transmission must be registered before
the legal personal representative/s can deal with the ship, eg. transfer it to a
beneficiary or beneficiaries of the estate or sell it to a third party.
Where there is a specific bequest of the ship or shares in a ship in the deceased's Will, ownership can be transmitted direct to the legatee rather than to the legal personal representative/s.
Required Documents:
- Declaration of Transmission form SR13 made by the legal personal representative/s or legatee to whom the ownership is to be transmitted;
- Certified copy probate or letters of administration;
- Ship's Certificate of Registry, "the blue book";
- Fee of $335.
Transactions are registered in the order in which they are received by the Registrar. The approximate processing time is five working days from receipt of the correctly completed documents and payment of the fee.
Other forms of transmission by operation of law. For details of other forms of transmission by operation of law, eg to the Crown, Public Trustee or by Court Order, contact the Registrar.
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