Northern Territory Consolidated Acts Northern Territory Consolidated Acts39. Surrender of licence
(1) Subject to this section, a licensee may surrender his licence by lodging it with the Director.
(1A) The surrender of a licence shall not have effect until it is accepted by the Commission.
(1B) The Commission shall accept the surrender of a licence if it is satisfied that all persons who have an interest in the licensed premises to which the licence relates have been given by the licensee not less than 2 weeks notice of the licensee's intention to surrender the licence.
(2) Upon the acceptance by the Commission of the surrender of a licence, the person whose licence is surrendered shall cease to be a licensee, but shall remain liable for:
(a) an act or omission done, caused, permitted or made by him prior to the surrender; and
(b) a liability incurred by him under this Act prior to the surrender.