43Cancellation of licence

43 Cancellation of licence (1) Subject to this section, the Minister may, by written notice to the holder of an interactive gambling licence, cancel the licence if— (a) the Minister is satisfied on reasonable grounds that— (i) a ground referred to in section 39 (1) exists; and (ii) the circumstances on which the ground is based are of a serious and fundamental nature; or (b) a direction under section 40 has not been complied with, being a direction given on grounds based on circumstances of a serious and fundamental nature. (2) The Minister must not cancel a licence under subsection (1) (a) unless the Minister is satisfied that, unless the licence is cancelled— (a) the integrity of the conduct of interactive games by the licensed provider may be jeopardised in a material way; or (b) the public interest may be affected in an adverse or material way. (3) Cancellation of a licence takes effect when the notice is given or, if the notice specifies a later day, on the later day. (4) A person whose licence has been cancelled must not fail, without reasonable excuse, to return the licence to the commission within 7 days after the day the surrender takes effect.