25Owner may surrender certificate voluntarily

25 Owner may surrender certificate voluntarily S. 25(1) amended by No. 34/2022 s. 61(1). (1) Subject to subsection (4), the owner of a certificate may voluntarily surrender the certificate under this section. Certificates may also be surrendered under section 33, 38, 39 or 40. (2) The owner of a certificate, must at the same time, give the ESC, reasons in writing, why the certificate is being surrendered. (3) A certificate surrendered under this section must not be included in an energy acquisition statement. S. 25(4) inserted by No. 34/2022 s. 61(2). (4) The owner of a certificate must not voluntarily surrender the certificate in contravention of a Ministerial order made under subsection (7). S. 25(5) inserted by No. 34/2022 s. 61(2). (5) The Minister must publish in the Government Gazette a notice of intention to disallow the voluntary surrender of certificates for a specified period. S. 25(6) inserted by No. 34/2022 s. 61(2). (6) A notice under subsection (5) must include— (a) the proposed period of disallowance; and (b) the reasons for the proposed period of disallowance; and (c) the procedures for the making and consideration of submissions. S. 25(7) inserted by No. 34/2022 s. 61(2). (7) If the Minister, after complying with subsection (5), determines that the limitation on the voluntary surrender of certificates is necessary to protect the integrity of the operation of this Act, the Minister may make the order to limit the voluntary surrender of certificates for a specified period by notice published in the Government Gazette.