Other matters

48 Surrender of class 3 operator’s licence

(1)

A society may surrender a class 3 operator’s licence to the Secretary at any time.

(2)

The surrender of a class 3 operator’s licence does not affect—

(a)

the obligation of the society to apply or distribute the net proceeds from the gambling in accordance with this Act and the licence; and

(b)

any conditions relating to records that must be maintained and reporting requirements.