(1) The holder of a non-transferable taxi licence may apply to the road transport authority for the licence to be made transferable.
(2) The road transport authority must make the licence transferable and endorse the licence accordingly.
(3) In this section—
(a) endorsed as transferable under subsection 27 (2A) of the Motor Traffic Act; or
(b) granted on or after 27 March 1986 and before 8 March 1989 for which $80,000 was paid to the Commonwealth.