25Renewal of licences

25 Renewal of licences

(1)  A licensee, before the licence ceases to be in force, may apply to the Authority for a renewal of the licence.

(2)  An application is to be –

(a) in a form approved by the Authority; and

(b) accompanied by the prescribed fee; and

(c) lodged with the Authority.

(3)  The Authority may –

(a) [Section 25 Subsection (3) amended by No. 83 of 2000, s. 6, Applied:01 Jan 2001] grant the application, with or without conditions, on payment of the prescribed fee or on the Authority entering into an arrangement under section 22B ; or

(b) refuse to grant the application.

(4)  A licence is renewed –

(a) for a period, not exceeding 3 years, as determined by the Authority; and

(b) subject to any conditions specified in the licence as renewed.

(5)  If an application to renew a licence is granted before the licence ceases to be in force, the period referred to in subsection (4) (a) starts on the day the licence ceases to be in force.

(6)  If an application to renew a licence is not granted before the licence ceases to be in force, the licence –

(a) continues until the application is granted, refused or withdrawn, whichever occurs first; and

(b) if renewed, continues in force from the date on which its ceases to be in force until the end of the period referred to in subsection (4) (a) .

(7)  The Authority must notify the applicant of –

(a) the grant of the application; or

(b) the refusal to grant the application and the reasons for the refusal.