sec.64Term and conditions

### sec.64 Term and conditions The chief executive may issue a licence for the term, of not more than 3 years, and on the conditions, the chief executive considers necessary or desirable for the proper performance of the activities authorised by the licence. Without limiting subsection (1) , it is a condition of every licence— that the licensee must not contravene this Act; and that the licensee must notify the chief executive of any change of address or close associates as soon as practicable after the change happens. A regulation may prescribe additional conditions a licensee must comply with. If the chief executive decides to issue a licence on a condition mentioned in subsection (1) , the chief executive must give the applicant an information notice for the decision within 14 days after the decision is made. s 64 ins 2002 No. 35 s 7 (sec.64-ssec.1) The chief executive may issue a licence for the term, of not more than 3 years, and on the conditions, the chief executive considers necessary or desirable for the proper performance of the activities authorised by the licence. (sec.64-ssec.2) Without limiting subsection (1) , it is a condition of every licence— that the licensee must not contravene this Act; and that the licensee must notify the chief executive of any change of address or close associates as soon as practicable after the change happens. (sec.64-ssec.3) A regulation may prescribe additional conditions a licensee must comply with. (sec.64-ssec.4) If the chief executive decides to issue a licence on a condition mentioned in subsection (1) , the chief executive must give the applicant an information notice for the decision within 14 days after the decision is made. - (a) that the licensee must not contravene this Act; and - (b) that the licensee must notify the chief executive of any change of address or close associates as soon as practicable after the change happens.