Surrender of Part 13 exemption
302M Surrender of Part 13 exemption
A person to whom a Part 13 exemption applies may, in writing, request the Minister to accept the surrender of the exemption.
The Minister must decide whether to accept the surrender within 20 business days of receiving the application.
If the Minister requests information to make an informed decision under section 302N, days between the request and receipt of the information do not count towards this timeframe (subsection 302N(2)).
In deciding whether or not to accept the surrender, the Minister may have regard to any matter the Minister considers relevant.
Notice of decision
As soon as practicable after the decision is made, the Minister must:
give written notice of the decision to:
the person who made the request; and
if a different person applied for the exemption under subsection 302C(1)—that person; and
if the Minister decides to accept the surrender—publish the notice on the Department’s website.
Effect of surrender
If the Minister decides to accept the surrender, the exemption is taken to be revoked with effect from the day specified in the notice (which must not be earlier than the day the notice is published under paragraph (4)(b)).
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