(1) Where the
registration of premises is cancelled or not renewed under section 46,
the person in whose name the premises were registered immediately before the
cancellation or non-renewal is, within 14 days after the day on which the
person is notified by the Board of the cancellation or non-renewal, to
surrender to the Board the certificate of registration of the premises.
Penalty: a fine of $1 000.
(2) The Board may
direct in writing that a person in whose name premises were registered is not
obliged to comply with subsection (1) and, in that case the subsection
does not apply in respect of that person.