#### 155 Term of renewal of licence (1) A renewal of a retention licence comes into force on: (a) the day on which the renewal is registered; or (b) the day on which the previous term of the licence expires; whichever is the later. > Note: See Division 5 for renewal. (2) The term of a renewal of a licence expires at the end of the period specified in the notice under section 169. > Note 1: For the maximum term of renewal see subsection 169(3). > Note 2: The licence may be surrendered at any time (see section 187). (3) The period runs from the expiry of the previous term of the licence. (4) Ignore section 156 in working out the period referred to in subsection (3).

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