Section 108

a person who holds an individual licence or authorization granted under Chapter 2 of Part XIII;

a person who is exempted from holding an individual licence under this Act; and

a person who holds, controls or operates assets which form part of a public water supply system or public sewerage system;

“transferor” means the licensee whose business is to be transferred to another licensee or person under section 109;

“transferee” means the licensee or other person to whom a transfer of business is to be made under section 109;

“business” means any activity carried on for the purpose of gain or profit and includes all property derived from, or used in or for the purpose of, carrying on such activity and all rights and liabilities arising from such activity; and

“transfer date” means the date on and from which an agreement or arrangement referred to in section 109 shall take effect.

Sanction required for reconstruction, etc. of licensees