58What does the licence authorise?

58 What does the licence authorise? S. 58(1) amended by No. 68/2014 s. 86(1). (1) A licence authorises the construction of a pipeline along the route authorised in the licence, subject to the conditions of the licence. (2) A licence authorises the operation of the pipeline in accordance with the conditions of the licence. S. 58(3) inserted by No. 68/2014 s. 86(2). (3) For the purposes of section 8(1)(k) of the Personal Property Securities Act 2009 of the Commonwealth, a licence is declared not to be personal property.