Petroleum Pipelines Act, 2003 (Act No. 60 of 2003)Chapter 3 : Licences24. Revocation of licence on application |
| (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 Authority notice in writing, at least 12 months or such shorter period as the Authority may approve in advance, of their intention to cease their activities. |
| (3) | The form and procedure to be followed in revoking a licence under subsection (1) must be prescribed by rule. |