Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) A licensed provider may surrender the licence by written notice given to the Minister.
(2) The surrender takes effect—
(a) if paragraph (b) does not apply—
(i) 3 months after the notice is given; or
(ii) if a later day of effect is stated in the notice—on the later day; or
(b) if the Minister, by written notice, approves a day of effect that is earlier than 3 months after the notice is given—on the day of effect approved by the Minister.
(3) A person who has surrendered a licence under this section shall not fail, without reasonable excuse, to return the licence to the Minister within 7 days after the day on which the surrender takes effect.
Penalty: 40 penalty units.