TASIn ForceAct
Living Marine Resources Management Act 1995
80Term of licence
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80 Term of licence
(1) A licence is in force for the period, not exceeding 10 years, specified in the licence.
(2) Subject to this Act or a management plan, a licence ceases to be in force –
(a) on a day specified in the licence; or
(b) if a date is not specified, on 28 February –
(i) in the last year in respect of which it was granted; or
(ii) if fees are paid by annual instalments, in the year in which an instalment for a succeeding year is not paid before the commencement of that succeeding year.