27Basis on which launch facility licence is granted

27 Basis on which launch facility licence is granted

A launch facility licence is granted on the basis that: (a) the licence may be transferred under section 22; and (b) the licence may be revoked under section 23; and (c) the licence may be varied under section 23; and (d) the licence may be suspended under section 26; and (e) the licence may be transferred, revoked, varied or suspended by or under later legislation; and (f) no compensation is payable if the licence is transferred, revoked, varied or suspended as mentioned in any of the above paragraphs.