66Surrender of licence or authority

66 Surrender of licence or authority (1) A licensee may surrender the licence or an authority by returning it to the Director. (2) The surrender of a licence or authority has no effect unless accepted by the Director. (3) The Director must accept the surrender of a licence or authority if satisfied that the licensee gave all persons who have an interest in the licence at least 14 days notice of the licensee's intention to surrender the licence or authority. (4) If the surrender of a licence is accepted, a person who held the licence ceases to be a licensee, but remains liable for: (a) any act or omission done, caused, permitted or made by the person prior to the surrender taking effect; and (b) any liability incurred by the person under this Act prior to the surrender taking effect.