37Surrender of licence authorising gas infrastructure activities

37 Surrender of licence authorising gas infrastructure activities

(1)  A gas infrastructure licensee may, in writing, apply to the Regulator to surrender the licence.

(2)  An application under subsection (1) in relation to a surrender is to be made to the Regulator –

(a) at least 6 months before the surrender is to take effect; or

(b) not before the beginning of a longer period, before the surrender is to take place, that is specified in a condition of the licence as the period of notice required to be given of such a surrender.

(3)  The Regulator may, by agreement with the licensee, shorten the period of notice referred to in subsection (2) .

(4)  The Regulator may, in a notice of acceptance of the surrender given to the applicant, agree to a surrender to which an application under subsection (1) relates.

(5)  The Regulator may agree to a surrender to which an application under subsection (1) relates on any condition that the Regulator thinks fit, including, but not limited to including, a condition –

(a) that the applicant pay any monetary obligations incurred before the surrender; or

(b) that the applicant provide the Regulator with information that should have been, but has not been, provided before the surrender.

(6)  A surrender in relation to which a notice of acceptance of surrender has been given under subsection (4) takes effect from the date specified by the Regulator in the notice as the date on which the surrender is to take effect.

(7)  Notice of the surrender of a licence (including the written notice given under subsection (1) ), or of part of the area specified in the licence, is to be published in the Gazette or in another manner that the Regulator considers appropriate.