sec.577Notice to surrender a pipeline licence

### sec.577 Notice to surrender a pipeline licence A surrender application can not be made for a petroleum authority that is a pipeline licence unless the holder has, at least 3 months before the application is lodged, lodged a notice to surrender the licence. The notice to surrender must state the reasons for the proposed surrender. The chief executive may, after the lodging of the notice to surrender, give the holder notice requiring the holder to give the chief executive further relevant written information by a reasonable stated day. The holder must comply with the chief executive’s notice unless the holder has a reasonable excuse. Maximum penalty for subsection (4) —500 penalty units. s 577 amd 2004 No. 26 s 195 ; 2012 No. 20 s 281 sch 2 ; 2023 No. 25 s 26 (sec.577-ssec.1) A surrender application can not be made for a petroleum authority that is a pipeline licence unless the holder has, at least 3 months before the application is lodged, lodged a notice to surrender the licence. (sec.577-ssec.2) The notice to surrender must state the reasons for the proposed surrender. (sec.577-ssec.3) The chief executive may, after the lodging of the notice to surrender, give the holder notice requiring the holder to give the chief executive further relevant written information by a reasonable stated day. (sec.577-ssec.4) The holder must comply with the chief executive’s notice unless the holder has a reasonable excuse. Maximum penalty for subsection (4) —500 penalty units.