40
In forceSurrender of approval
Chapter 2Approvals
Part 7Surrender
40 Surrender of approval
(1)
The holder of an approval may surrender the approval by giving the chief executive notice of the surrender.
(2)
The surrender takes effect—
(a)
on the day that is 14 days after the day the notice is given to the chief executive; or
(b)
if the chief executive agrees in writing with the holder to a day earlier than the day mentioned in paragraph (a)—on the earlier day; or
(c)
if the notice states a day later than the day mentioned in paragraph (a)—on the later day.
This Act’s bill:Explanatory memorandumSecond reading speech
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