(1) The holder of a
licence that has not been renewed must return the expired licence to the CEO
within 14 days of the expiry.
(2) The holder of a
licence that has been amended under section 44 must return the original
licence to the CEO within 14 days of receiving the amended licence.
(3) The holder of a
licence who ceases to carry on the business in respect of which the licence
was issued must return the licence to the CEO within 28 days of ceasing to
carry on the business.
Penalty applicable to subsections (1), (2) and
(3): see section 115.
(4) The holder of a
current licence may return the licence to the CEO at any time, in which case
—
(a) the
licence ceases to have effect when it is received by the CEO; but
(b) this
Act applies, for the purpose of enabling the person to be investigated or
otherwise dealt with for a matter arising before the return, as if the licence
had not been returned.