Section 16A - Fair Trading Legislation Amendment (Reform) Act 2018 - Time period for restoration of licences

16ATime period for restoration of licences

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16A Time period for restoration of licences

(1) An application for the restoration of a licence must be made—

(a) within 3 months of the expiry of the licence, or

(b) within the further period determined by the regulatory authority on the application of the person seeking the restoration of the licence.

(2) Without limiting subsection (1) (b), the regulatory authority may extend the period within which an application for the restoration of a licence may be made if the regulatory authority is satisfied that—

(a) in a case where the applicant failed to apply for renewal before the licence expired—the failure to apply for renewal of the licence before it expired was due to inadvertence, or

(b) it is just and equitable to restore the licence.

(3) A licence that has been surrendered or cancelled must not be restored.

(4) An application for the restoration of a licence must—

(a) be made in the approved form (if any), and

(b) be accompanied by the fee prescribed by the regulations, and

(c) nominate a term of duration for the licence.

(5) A licence restored at any time is taken to have been restored on and from the day on which the licence expired.

(6) Subject to this section, this Act applies to an application for the restoration of a licence in the same way as it applies to an application for a licence.