Excise and Customs Legislation Amendment (Streamlining Administration) Act 2024 (51 of 2024)

Schedule 1   Streamlining administration

Part 1   Warehouse and excise licensing

Division 1   Main amendments

Customs Act 1901

48   Subsection 87(1A)

Repeal the subsection, substitute:

(1A) The Comptroller-General of Customs must cancel a warehouse licence if:

(a) the Comptroller-General receives a written request from the holder of the licence that the licence be cancelled on and after a specified day; or

(b) the holder of the licence has applied for the Comptroller-General to vary the licence as mentioned in paragraph 81B(1)(a) and the effect of doing so would be that no place is covered by the licence.