73Surrender of authority

73 Surrender of authority

(1) The holder of an authority may surrender the authority with the consent of the Minister.

(2) The Minister must not give consent to the surrender of an authority unless satisfied that the holder of the authority—

(a) has complied with all the relevant requirements of this Act in relation to the authority; and

(b) has complied with all of the conditions that apply to the authority.

(3) The Minister must not unreasonably refuse to give consent under this section.

(4) If the Minister is not satisfied as to any matter referred to in subsection (2)(a) or (b), he or she may still consent to the surrender of the authority if satisfied that the failure to comply with the relevant requirement was the result of one or more events beyond the control of the holder of the authority.

S. 73A inserted by No. 64/2012 s. 9.