(1)  The holder of an environmental licence may apply to the Director, in a form approved by the Director, for an approval of the surrender of the licence.

(2)  The Director may, on receiving an application under subsection (1) , by notice to the holder of an environmental licence –

(a) grant an approval of the surrender of the licence without conditions or restrictions; or

(b) grant an approval of the surrender of the licence on the conditions or restrictions specified in the notice; or

(c) refuse to grant an approval of the surrender of the licence.

(3)  A notice under subsection (2) must –

(a) if the Director grants an approval of the surrender of an environmental licence on conditions or restrictions, specify the reasons for imposing the conditions or restrictions; and

(b) if the Director refuses to grant an approval of the surrender of an environmental licence, specify the reasons for the refusal; and

(c) specify the rights of the person under Subdivision 9 to appeal to the Appeal Tribunal in relation to a decision made by the Director under this section.

(4)  If the Director grants an approval of the surrender of an environmental licence –

(a) under subsection (2)(a) , the licence is surrendered and ceases to have effect on the day on which the notice of grant of the approval is given under that subsection or on a later date specified in the approval; or

(b) under subsection (2)(b) , the licence is surrendered and ceases to have effect on the day on which the conditions or restrictions specified in the approval of the surrender are satisfied.

(5)  A person whose environmental licence is surrendered under this section is not entitled to any compensation or refund in respect of any matter arising from the surrender.