10CVoluntary surrender agreement

10C Voluntary surrender agreement (1) The Territory may enter into an agreement (a voluntary surrender agreement) with a licensee in relation to the surrender of authorisations or authorisation certificates under section 10D if— (a) the licensee has given a voluntary surrender notice to the Minister; and (b) the agreement is entered into on or before the earlier of— (i) 8 February 2019; and (ii) the voluntary surrender day for the licensee. (2) A voluntary surrender agreement may provide for— (a) an entitlement to the deemed payment or partial payment of an offset amount for the licensee; and

(b) the process by which the entitlement is to be claimed by the licensee; and (c) any other matters agreed by the parties. (3) The term of each voluntary surrender agreement is extended until 1 April 2028, despite anything to the contrary in any agreement. (4) A voluntary surrender agreement must be entered into for the Territory by the Treasurer or the Minister. offset amount—see section 10H (4).