Victorian Current Acts

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Surrender of licence

S. 40A(1) amended by No. 52/1998 s. 205(1).

    (1)     Subject to subsection (2), a licensee may at any time by notice in writing to the Authority surrender the licence.

S. 40A(2) amended by No. 52/1998 s. 205(2).

    (2)     If the Tribunal has determined to conduct an inquiry under section 48 in relation to a licensee, the licensee may not, without leave of the Tribunal, surrender the licence unless the Tribunal has determined to take action under section 48A or has determined not to take any such action.

S. 40A(3) amended by Nos 52/1998 s. 205(1), 44/1999 s. 31(4).

    (3)     The person who held a licence that has been surrendered must return the licence to the Authority within 14 days of surrendering it.

Penalty:     Level 10 fine (10 penalty units maximum).

S. 41 amended by No. 47/1997 s. 17, substituted by No. 52/1998 s. 206, amended by No. 1/2010 s. 51.

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