80Basis on which licences granted

80 Basis on which licences granted

A licence granted under this Act is granted on the basis that: (a) the licence may be cancelled under section 73; and (b) the licence may be varied under: (i) for a feasibility licence—section 38; or (ii) for a commercial licence—section 48; or (iii) for a research and demonstration licence—section 57; or (iv) for a transmission and infrastructure licence—section 66; and (c) the licence may be cancelled, revoked, terminated or varied by or under later legislation; and (d) no compensation is payable if the licence is cancelled, revoked, terminated or varied as mentioned in any of the above paragraphs.