Interactive Gambling (Player Protection) Act 1998
sec.76Surrender of key person licence
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sec.76 Surrender of key person licence
A key person licensee may surrender the licence by written notice given to the chief executive. The surrender takes effect on— the day the notice is given to the chief executive; or if a later day of effect is stated in the notice—the later day. If the chief executive believes there was a key relationship between the key person licensee and a licensed provider at the time of the surrender, the chief executive must promptly give notice of the surrender to the licensed provider. (sec.76-ssec.1) A key person licensee may surrender the licence by written notice given to the chief executive. (sec.76-ssec.2) The surrender takes effect on— the day the notice is given to the chief executive; or if a later day of effect is stated in the notice—the later day. (sec.76-ssec.3) If the chief executive believes there was a key relationship between the key person licensee and a licensed provider at the time of the surrender, the chief executive must promptly give notice of the surrender to the licensed provider.
- (a) the day the notice is given to the chief executive; or
- (b) if a later day of effect is stated in the notice—the later day.