Expiry and surrender of licence
21 Expiry and surrender of licence
On granting a licence the Commissioner shall fix a period, not exceeding the period prescribed, during which the licence is to have effect.
Subject to section 28, unless sooner surrendered a licence shall have effect for the period fixed under subsection (1) and may be renewed under section 22.
A person may at any time surrender a licence and the licence shall thereupon become and be void and of no effect.
Despite the surrender by a person of a licence, this Act and the Fair Trading Act 2010 apply, for the purpose of enabling the person to be investigated or otherwise dealt with for a matter arising before the surrender, as if the licence had not been surrendered.
[Section 21 amended: No. 56 of 1995 s. 28; No. 55 of 2004 s. 596; No. 58 of 2010 s. 24 and 31.]
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