23Application for renewal of licence

23 Application for renewal of licence

(1)  The licensee may apply to the Regulator for the renewal of the licence.

(2)  The licensee may apply to the Regulator for the renewal of so much of the licence as does not authorise the carrying out of an activity specified in the application.

(3)  An application under subsection (1) or (2) for renewal –

(a) must be made in an approved form; and

(b) must be accompanied by the application fee prescribed by the regulations; and

(c) must be accompanied by the information that the Regulator reasonably requires.

(4)  An application under subsection (1) or (2) in relation to a licence must be made at least 3 months, and not more than 6 months or a longer period authorised by the Regulator under subsection (5) , before the end of the term of the licence.

(5)  The Regulator may, by notice in writing to the licensee, extend the period of 6 months referred to in subsection (4) .

(6)  The Regulator must ensure that notice of an application under subsection (1) or (2) in relation to a licence is published, at least 30 business days before the application is determined by the Regulator, in the Gazette or in another manner that the Regulator considers appropriate.

(7)  The Regulator may require an applicant under subsection (1) or (2) in relation to a licence to provide any further relevant information that the Regulator thinks is required to enable the assessment and determination of the application.

(8)  If an applicant fails to comply with a requirement under subsection (7) within 30 business days or a longer period allowed by the Regulator, the application lapses.

(9)  If the Regulator grants an application for renewal of so much of the licence as does not authorise the carrying out of an activity specified in the application, the Regulator is to revoke those terms and conditions that authorise the carrying out of the activity.