Commonwealth Numbered Regulations

1996 No. 22 EXPORT CONTROL (HARDWOOD WOOD CHIPS) REGULATIONS (AMENDMENT) - REG 3

3.1 Insert after regulation 21: Surrender of licence in exchange for more than
1 licence

"21A. (1) The holder of a number of licences may, with the consent in writing
of the Minister, surrender it or them in exchange for a larger number of
licences of the same type.

"(2) If the Minister consents to the surrender and exchange, the Minister must
grant 1 or more new licences in exchange for each of the old licences.

"(3) Subject to subregulation (4), regulation 21 (except subregulations 21 (1)
and (2)) applies in relation to the grant of the new licences as if references
in that regulation to the new licence were references to each of the new
licences to be granted by the Minister under subregulation (2).

"(4) If new licences of a particular type are granted to a licence holder
under subregulation (2), the mass of controlled hardwood wood chips authorised
to be exported by the licence holder under those new licences must be equal to
the remaining unexported mass (that is, the mass of controlled hardwood wood
chips authorised to be exported by the licence holder under the old licence or
licences of that type that were surrendered, less the mass of controlled
hardwood wood chips already exported by the licence holder under the authority
of those licences).

"(5) Nothing in this regulation or in regulation 21 requires the Minister to
impose the same restrictions or conditions on all of the new licences.".