93Term of licence

93 Term of licence (1) A licence remains in force for the term specified in the licence, unless it is cancelled or surrendered under section 94B. (2) The Minister may, on the Minister's own initiative: (a) vary or extend the term of a licence; or (b) renew a licence. Note for subsection (2) A licensee may apply for a renewal or extension of a grant of a licence under section 90. (3) To avoid doubt, section 92 applies to a licence of which its term has been varied or extended and a licence which has been renewed.