213ASurrender of exemption

213A Surrender of exemption

213A Surrender of exemption

(1) An exemption granted under this Division may only be surrendered in accordance with this section.

(2) If a rail transport operator intends to surrender an exemption, the operator must—

(a) give the Regulator written notice of the intention to surrender the exemption; and

(b) provide the Regulator with details as to the arrangements proposed in relation to the cessation of the operator’s relevant railway operations.

(3) If the Regulator is satisfied as to the arrangements proposed in relation to the cessation of the relevant railway operations, the Regulator must, as soon as reasonably practicable, by written notice given to the rail transport operator, inform the operator that the exemption may be surrendered in accordance with the proposed arrangements on the date specified in the notice.

(4) If the Regulator is not satisfied as to the arrangements proposed in relation to the cessation of the relevant railway operations, the Regulator must, as soon as reasonably practicable, by written notice given to the rail transport operator, inform the operator—

(a) that the Regulator is not satisfied as to the proposed arrangements; and

(b) of the reasons for the Regulator’s dissatisfaction; and

(c) that the exemption may not be surrendered until the Regulator is satisfied as to the proposed arrangements.

s 213A: Ins 2017 No 14, sec 9.