Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Comptroller - General of Customs may, by notice in writing, cancel a depot licence if the Comptroller - General of Customs is satisfied of any matter mentioned in subparagraphs 77V(1)(a)(i) to (viii), or of the matter mentioned in paragraph 77V(1)(b), in relation to the licence.
(2) The Comptroller - General of Customs must, by notice in writing, cancel a depot licence if the Comptroller - General of Customs receives a written request from the holder of the licence that the licence be cancelled on and after a specified day.
(3) A notice under subsection (1) or (2) must be:
(a) served, either personally or by post, on the holder of the depot licence; or
(b) served personally on a person who, at the time of service, apparently participates in the management or control of the depot.
(4) If a depot licence is cancelled under this section, the Comptroller - General of Customs must, by notice published in a newspaper circulating in the locality in which the depot is situated, inform the owners of goods in the depot of the cancellation and the date of the cancellation.
(5) If a depot licence is cancelled under this section, the person or partnership who held the licence before the cancellation must return the licence to an officer of Customs within 30 days after the cancellation.