sch.1-sec.11Period of effect of transitional licences—compliance period current

### sch.1-sec.11 Period of effect of transitional licences—compliance period current This section applies to a transitional licence if— the licence is not an expired licence; and the compliance period for the licence has not ended before the commencement day. The licence remains in force, subject to this Act, until the later of the following— the end of the compliance period; the end of the period of 3 months starting on the commencement day. Subsection (5) applies if— before the commencement day, the relevant licensee entered into a building contract; and neither of the following things happens before the end of the period for which the licence remains in force under subsection (2)— practical completion under the contract; termination of the contract. However, subsection (5) applies only for the contract or contracts to which it relates. Despite subsection (2), the licence remains in force, subject to this Act— if, by the application of subsection (3), there is only 1 contract involved—until one of the following things happens— the stage of practical completion is reached under the contract; the contract is terminated; or if, by the application of subsection (3), there is more than 1 contract involved—until there is no contract either under which the stage of practical completion has not been reached or that has not been terminated. sch 1 s 11 ins 1997 No. 70 s 3 (5) (sch.1-sec.11-ssec.1) This section applies to a transitional licence if— the licence is not an expired licence; and the compliance period for the licence has not ended before the commencement day. (sch.1-sec.11-ssec.2) The licence remains in force, subject to this Act, until the later of the following— the end of the compliance period; the end of the period of 3 months starting on the commencement day. (sch.1-sec.11-ssec.3) Subsection (5) applies if— before the commencement day, the relevant licensee entered into a building contract; and neither of the following things happens before the end of the period for which the licence remains in force under subsection (2)— practical completion under the contract; termination of the contract. (sch.1-sec.11-ssec.4) However, subsection (5) applies only for the contract or contracts to which it relates. (sch.1-sec.11-ssec.5) Despite subsection (2), the licence remains in force, subject to this Act— if, by the application of subsection (3), there is only 1 contract involved—until one of the following things happens— the stage of practical completion is reached under the contract; the contract is terminated; or if, by the application of subsection (3), there is more than 1 contract involved—until there is no contract either under which the stage of practical completion has not been reached or that has not been terminated. - (a) the licence is not an expired licence; and - (b) the compliance period for the licence has not ended before the commencement day. - (a) the end of the compliance period; - (b) the end of the period of 3 months starting on the commencement day. - (a) before the commencement day, the relevant licensee entered into a building contract; and - (b) neither of the following things happens before the end of the period for which the licence remains in force under subsection (2)— (i) practical completion under the contract; (ii) termination of the contract. - (i) practical completion under the contract; - (ii) termination of the contract. - (i) practical completion under the contract; - (ii) termination of the contract. - (a) if, by the application of subsection (3), there is only 1 contract involved—until one of the following things happens— (i) the stage of practical completion is reached under the contract; (ii) the contract is terminated; or - (i) the stage of practical completion is reached under the contract; - (ii) the contract is terminated; or - (b) if, by the application of subsection (3), there is more than 1 contract involved—until there is no contract either under which the stage of practical completion has not been reached or that has not been terminated. - (i) the stage of practical completion is reached under the contract; - (ii) the contract is terminated; or