46Duration of licences

#### 46 Duration of licences 46 Duration of licences > > (1) Except during any period of suspension, a licence continues to be in force until such time as it is surrendered to the Authority, cancelled or otherwise ceases to be in force or, in the case of a licence that is granted for a specified term, when that term expires. > > > (2) A licence may be surrendered only in accordance with such arrangements as may be approved by the Authority.