Queensland Consolidated Acts Queensland Consolidated Acts(1) A key person licensee may surrender the licence by written notice given to the chief executive.
(2) The surrender takes effect on--
(a) the day the notice is given to the chief executive; or
(b) if a later day of effect is stated in the notice--the later day.
(3) If the chief executive believes there was a key relationship between the key person licensee and a licensed provider at the time of the surrender, the chief executive must promptly give notice of the surrender to the licensed provider.