40Steps involved in the grant of a fully effective licence

40 Steps involved in the grant of a fully effective licence

(1) The following 3 steps must occur before a licence comes into force: (a) provisional grant of the licence; (b) proper acceptance of the grant; (c) registration of the grant.

Note: See sections 88, 154, 232 and 286.

(2) If a licence is provisionally granted to a person, the person must do the following to properly accept the grant: (a) give the Designated Authority a written acceptance; (b) lodge any security that the Joint Authority has required; (c) pay the fees that are payable under the Fees Act.

Note: See sections 70, 84, 151, 214, 228 and 283.

(3) The following 3 steps must occur before a renewal of a licence comes into force: (a) provisional renewal of the licence; (b) proper acceptance of the renewal; (c) registration of the renewal.

Note: See sections 89, 155, 233 and 287.

(4) If a licence is provisionally renewed, the holder must do the following to properly accept the renewal: (a) give the Designated Authority a written acceptance of the renewal; (b) lodge any security that the Joint Authority has required; (c) pay the fees that are payable under the Fees Act.

Note: See sections 114, 173, 250 and 300.