Queensland Consolidated Acts

SECOND-HAND DEALERS AND PAWNBROKERS ACT 2003 - SECT 32

32 Surrender of licence

(1) A licensee may surrender the licensee’s licence by signed notice given to the chief executive.

(2) The surrender of the licence takes effect on the day the notice of surrender is given to the chief executive or, if a later day of effect is stated in the notice, the later day.

(3) The licensee must return the licence to the chief executive within 14 days after surrender takes effect, unless the licensee has a reasonable excuse.

Penalty—

Maximum penalty for subsection (3) —20 penalty units.