Australian Capital Territory Current Acts

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UTILITIES ACT 2000 - SECT 41

Surrender

    (1)     A utility may surrender its licence by giving written notice of surrender to ICRC.

Note     Under s 52, the ICRC must prepare a notice of a surrender of a licence. The notice is a notifiable instrument.

    (2)     The surrender takes effect—

        (a)     90 days after the day the written notice is given to ICRC; or

        (b)     if ICRC accepts an earlier surrender—on the day ICRC gives written notice of the acceptance to the utility.



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