15Term of licence or permit

15 Term of licence or permit (1) A licence may be granted for a period of not more than 10 years. (2) However, a licence relating to aquaculture may be granted for the period the Director thinks fit, including a period related to the term of a lease. (3) A permit may be granted for a period of not more than 5 years. (4) The fee payable in respect of a licence or permit granted for more than 1 year may be paid in annual instalments, each instalment being paid before each anniversary of the date it was granted.