Transfer of permits when hotel licence surrendered or cancelled
28 Transfer of permits when hotel licence surrendered or cancelled
If a hotel licence is surrendered or cancelled, any permits held in respect of the licence may, in accordance with such arrangements as are approved by the Secretary, be transferred to another hotel licence.
If, at the end of the period of 12 months immediately following the surrender or cancellation of the hotel licence, any such permits have not been transferred, the remaining permits are forfeited to the Authority.
However, any such remaining permit may be retained for a further period of up to 12 months if a levy is paid to the Secretary to retain the permit for that period. The levy is $500 for each of the remaining permits intended to be retained.
If the remaining permits have not been transferred by the end of the further 12-month period under subsection (3), the permits are forfeited to the Authority.
Any levy paid under this section is to be paid into the Community Development Fund.
This Act’s bill:Explanatory memorandumSecond reading speech
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