Licences may be transferred under Division   2. A licence transfer requires approval from the Minister, and arrangements must be made for any financial security under the licence.

Licences are not intended to be a form of property, and can be cancelled by the Minister in certain circumstances, including where the licence holder has failed to comply with a condition of the licence or has contravened a provision of this Act or the applied work health and safety provisions.

A licence holder may also apply to surrender a licence if certain conditions are met. A licence may be surrendered entirely, or in respect of only part of the licence area.

Division   4 contains miscellaneous provisions about licences.