71Surrender of licence

71 Surrender of licence (1) A licensee may surrender his or her licence by lodging it with the (2) The surrender of a licence does not have effect until it is accepted by the Director. (3) On the acceptance by the Director of the surrender of a licence, the person whose licence is surrendered ceases to be a licensee but remains liable for: (a) an act or omission done, caused, permitted or made by him prior to the surrender; and (b) a liability incurred by him under this Act prior to the surrender.

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