78Basis on which licences granted

78 Basis on which licences granted

A licence granted under this Act is granted on the basis that: (a) conditions may be imposed on the licence, varied or removed under section 22, 41 or 73, respectively; and (b) the licence may be cancelled under section 25 or 59, as applicable; and (c) the licence may be cancelled, revoked, terminated or varied by or under later legislation; and (d) no compensation is payable if: (i) conditions are imposed on the licence, varied or removed, as mentioned in paragraph (a); or (ii) the licence is cancelled, revoked, terminated or varied as mentioned in any of the above paragraphs.