sec.120Existing second-hand dealer’s licence

### sec.120 Existing second-hand dealer’s licence A second-hand dealer’s licence in force under the repealed Act immediately before the commencement (a previous second-hand dealer’s licence ) is taken to be a second-hand dealer’s licence under this Act. The licence— is taken to be subject to conditions and restrictions in the same terms, as far as practicable, as the conditions and restrictions to which the previous second-hand dealer’s licence was subject; and expires when the previous second-hand dealer’s licence would have expired; and must not be the subject of renewal, restoration or reinstatement under this Act. s 120 amd 2006 No. 10 s 89 sch 2 (sec.120-ssec.1) A second-hand dealer’s licence in force under the repealed Act immediately before the commencement (a previous second-hand dealer’s licence ) is taken to be a second-hand dealer’s licence under this Act. (sec.120-ssec.2) The licence— is taken to be subject to conditions and restrictions in the same terms, as far as practicable, as the conditions and restrictions to which the previous second-hand dealer’s licence was subject; and expires when the previous second-hand dealer’s licence would have expired; and must not be the subject of renewal, restoration or reinstatement under this Act. - (a) is taken to be subject to conditions and restrictions in the same terms, as far as practicable, as the conditions and restrictions to which the previous second-hand dealer’s licence was subject; and - (b) expires when the previous second-hand dealer’s licence would have expired; and - (c) must not be the subject of renewal, restoration or reinstatement under this Act.