35LWhen NEPT licence ceases to have effect

35L When NEPT licence ceases to have effect

[Section 35L Inserted by No. 73 of 2013, s. 25, Applied:01 Jul 2014] An NEPT licence ceases to have effect –

(a) if the licence is cancelled, on the day on which the cancellation takes effect; or

(b) if the licence is surrendered, on the day on which it is surrendered; or

(c) if the licence is not cancelled or surrendered –

(i) on the day on which the licence expires, unless it is renewed for a period under section 35G ; or

(ii) at the end of that period if it is so renewed.