25Renewal of licence

25 Renewal of licence

(1) An application for the renewal of a licence shall be lodged with the Board not less than 28 days before the day on which the licence expires. (2) There shall be included in an application under subsection (1) for the renewal of a licence: (a) particulars of the activities of the licensee during the period during which the licence has been in force; (b) such other matters, if any, as the licensee considers relevant to the application; and (c) such other particulars, if any, as the Board considers necessary. (3) The Board may refuse to renew a licence on any ground referred to in subsection 23(1) on which the Board may revoke the licence, but not on any other ground. (4) The Board shall not refuse to renew a licence unless the Board: (a) by notice served on the licensee, allows the licensee not less than 14 days after service of the notice in which to make written submissions to the Board with respect to the matters specified in the notice that, in the opinion of the Board, may constitute grounds for refusing to renew the licence; and (b) considers any such submissions. (5) The Board shall, by notice in writing served on a licensee, inform the licensee of its decision whether or not to refuse to renew the licence, and, where the Board decides to refuse to renew the licence, the notice shall: (a) set out the Board’s findings on material questions of fact, refer to the evidence or other material on which those findings were based and give the reasons for the decision; and (b) contain the statement referred to in subsection 48(1) and such other matters as the Board thinks fit. (6) A licence renewed under this section expires, if not sooner revoked, on 31 December next following the date on which the licence was renewed. (7) A licence that was renewed under this section after 31 October 1985 and before 1 January 1986 expires, if not sooner revoked, on 31 December 1986.