17Form of licence

17 Form of licence

(1) A licence under the scheme must:

(a) be in writing; and

(b) state that the FLIC is licensed to raise the amount of concessional capital determined by the Minister under paragraph 14(1)(b) in respect of the company during the licence period; and

(c) state that the FLIC is licensed to raise the amount of concessional capital determined by the Minister under subsection 14(5) in respect of the company during the period commencing on the day the FLIC’s licence is granted and ending on 30 June 1999; and

(d) state the conditions of the scheme to which a FLIC is subject; and

(e) state that the conditions of the scheme determined by the Minister under section 22 may be altered at any time after consultation with the FLICs.