78Surrender of licence

78 Surrender of licence (1) The holder of a licence under this Part may, at any time, by forwarding to or lodging with the Director notification in the form determined by the Director, and the licence under this Part, surrender the licence. (2) Notification under subsection (1) shall be signed or executed in the same way as that specified for an application made under section 62(1)(b). (3) The holder of a repairer's, service contractor's or monitoring provider's licence is not entitled to surrender the licence unless the holder has given the Director the following period of notice: (a) for a repairer's or service contractor's licence – 30 days; (b) for a monitoring provider's licence – 90 days.

Gaming Machine Act 1995 80 (4) The surrender of a licence under this Part takes effect when it is accepted by the Director or at a later time determined by the (5) The Director may refuse to accept the surrender of a licence under this Part until the conditions specified by the Director for the surrender have been met. (6) If a service contractor's or monitoring provider's licence is being surrendered, the conditions specified under subsection (5) may include a condition that the holder of the licence has complied with all of its obligations under a service contract or an agreement to provide a basic monitoring service. (7) If a repairer's, service contractor's or monitoring provider's licence is being surrendered, as soon as practicable after forwarding to or lodging with the Director the licence and notification under subsection (1), the holder of the licence must dispose of all gaming equipment and restricted components in the holder's possession in the manner approved by the Director. (8) If a service contractor's or monitoring provider's licence is being surrendered the following apply: (a) the obligations of the holder of the licence to a licensee under a service contract or an agreement to provide a basic monitoring service continue in force until the surrender takes effect unless the Director determines otherwise; (b) the obligations of a licensee to the holder of the licence under a service contract or an agreement to provide a basic monitoring service cease on the day on which the licence and notification are forwarded to or lodged with the Director under