Gas Regulator Levies Act, 2002
R 385
Gas Act, 2001 (Act No. 48 of 2001)Chapter III : Gas Licences and Registration25. Revocation of licence on application |
| (1) | The Gas Regulator may revoke a licence on the application of a licensee if— |
| (a) | the licensed facility or activity is no longer required; |
| (b) | the licensed facility or activity is not economically justifiable; or |
| (c) | another person is willing and able to assume the rights and obligations of the licensee concerned in accordance with the requirements and objectives of this Act, and a new licence is issued to such person. |
| (2) | Licensees must give the Gas Regulator at least 12 months notice in writing of their intention to cease their activities. |
| (3) | The form and procedure to be followed in revoking a licence under subsection (1) is as prescribed. |
