In the so-called "Two-Beam Acceleration Scheme" the energy of a drive beam is converted to rf power by means of a "Transfer Structure", which plays the role of power source. In the Transfer Structure the bunched drive beam is decelerated by the electromagnetic field which it induces and builds up by the coherent interaction of successive bunches with the chosen longitudinal mode. The CLIC Transfer Structure is original in that it operates at 30 GHz and uses teeth-like corrugations to slow down the hybrid TM mode to make it synchronous with the drive beam. The beam energy is transformed into rf power, which travels along the structure and is collected by the output couplers. The 30 GHz rf power is then transported by means of two waveguides to two main linac disk-loaded accelerating structures. This report describes the CLIC Transfer Structure design, 3-D computer simulations, model construction and measure-ments as well as the prototype construction and testing with the low energy beam in the CLIC Test Facility. The result of this development is a compact, fully passive, relatively simple and low cost device, which offers a readily scalable solution to the problem of rf power extraction from high frequency bunched beams