The Pawnbroker Rotorua Limited 22 November 2016 NZSHD 6 [pdf, 89 KB]
...necessary implication that the licence becomes ineffective and, except to the extent that it might be temporarily transferred under s 18(2), the licence will lapse. [4] The liquidators have taken control of the assets of the company. They do not request a transfer of the licence but have requested that it be cancelled. Section 15(6) provides that a licence holder may return its licence to the authority, in which case the licence expires on the date which the authority receives the l...