37FSurrender of licences, authorisation certificates and

37F Surrender of licences, authorisation certificates and (1) A licensee may surrender— (a) the licensee’s licence; or (b) 1 or more authorisation certificates under the licence; or (c) an authorisation. Note If a licensee surrenders a licence, all authorisation certificates under the licence are cancelled (see s (3) (a)).

(2) A licensee may surrender a licence, authorisation certificate or authorisation by— (a) notifying the commission that the licensee surrenders the licence, authorisation certificate or authorisation; and Note 1 The surrender of a licence, authorisation certificate or authorisation is a notifiable action (see pt 13A and sch 2). (b) if the commission allows the notifiable action to take place on an earlier day—that day (see s 173E (b)); or s 173E (c)—when the commission has notified the licensee that it is satisfied in relation to the additional information (see s 173E (c)). (b) if the licensee surrendering an authorisation certificate is a club—giving the commission evidence— (i) that a majority of the voting members of the club who voted in a ballot conducted under a regulation voted for the club surrendering the authorisation certificate; or (ii) that a vote under subparagraph (i) would not be practical; and (c) returning the licence, certificate or authorisation to the Example—par (b) (ii) all memberships have expired and the club does not propose to continue operating (3) If a licensee notifies the commission about the surrender of the licensee’s licence, the commission must— (a) cancel all authorisation certificates held by the licensee; and

Transfer and surrender of licences and authorisation certificates Division 2B.6 (b) give the licensee a storage permit for an interim purpose for each gaming machine under the cancelled authorisation certificates. (4) If a licensee surrenders an authorisation certificate or an authorisation under this section, the commission must give the licensee a storage permit for an interim purpose for each gaming machine under the surrendered certificate or authorisation. (5) If an authorisation certificate or authorisation is surrendered or cancelled under this section, the licensee must— (a) take meter readings from each gaming machine under the certificate or authorisation; and (c) within the prescribed number of days after the day the certificate or authorisation is surrendered or cancelled, give the commission— (i) details of the meter readings taken under paragraph (a); and (ii) any outstanding amount payable by the licensee in relation to the operation of the gaming machine under the surrendered or cancelled authorisation certificate. Note Prescribed number of days—see s 173D (5).