(1)  If the Commission cancels the accreditation of the holder of a luxury hire car licence in accordance with Part 2A of the Passenger Transport Act 1997 , the Commission is to, by notice in writing given to the holder of the licence, require the holder of the licence to either –

(a) transfer that licence to another accredited operator of a luxury hire car service within the period specified by the Commission; or

(b) surrender that licence to the Commission.

(2)  On receipt of a notice under subsection (1) , the holder of the luxury hire car licence, not later than the date specified in the notice, must –

(a) transfer the licence to another accredited operator of a luxury hire car service; or

(b) surrender the licence to the Commission.

(3)  If the holder of the luxury hire car licence does not comply with a requirement of the Commission given under subsection (1) , the Commission may cancel the licence without notice.