53Licence—surrender

53 Licence—surrender (1) A licensee may surrender a licence to operate a facility to the regulator by giving the regulator notice of the licensee’s intention to surrender the licence. (2) The notice must be in writing and include the following information: (a) the name of the licensee; (b) the unique identifier for the licence; (c) the day on which the surrender notice is given to the regulator; (d) the reason the licensee is surrendering the licence. (3) The licensee may nominate a day, on or after the day the surrender notice is given to the regulator, on which the surrender of the licence takes effect. (4) The surrender of a licence takes effect on the earlier of— (a) 28 days after the day the licensee gives the surrender notice to the regulator; and (b) the day nominated by the licensee.