40Steps involved in the grant of a fully effective licence

40 Steps 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 Minister a written acceptance,

(b) lodge any security that the Minister has required,

(c) pay the fee that is payable under section 425.

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 Minister a written acceptance of the renewal,

(b) lodge any security that the Minister has required,

(c) pay the fee that is payable under section 425.

Note—

See sections 114, 173, 250 and 300.