Petroleum Products Act, 1977 (Act No. 120 of 1997)

Regulations

Purchase

(1)	A licence ceases to be valid if—

(a)	the licence is surrendered to the Controller;

(b)	the licence is cancelled by the Controller in accordance with regulation 20(2); or

(c)	the licensed activity is no longer a going concern.

(2)	If a licence has ceased to be valid, the licensed wholesaler must surrender the licence to the Controller within a period of 14 days, from the date of receipt of the notification in which the licensed wholesaler is informed that the licence is no longer valid.