105Status of licence during review

105 Status of licence during review

105 Status of licence during review

(1) This section applies if the regulator gives a licence holder written notice of its decision to refuse to renew the licence.

(2) If the licence holder does not apply for an internal review of the decision, the licence continues to have effect until the last of the following events—

(a) the expiry of the licence,

(b) the end of the period for applying for an internal review.

(3) If the licence holder applies for an internal review of the decision, the licence continues to have effect until the earlier of the following events—

(a) the licence holder withdraws the application for review,

(b) the regulator makes a decision on the review.

(4) If the licence holder does not apply for an external review, the licence continues to have effect until the end of the time for applying for an external review.

(5) If the licence holder applies for an external review, the licence continues to have effect until the earlier of the following events—

(a) the licence holder withdraws the application for review,

(b) the Civil and Administrative Tribunal makes a decision on the review.

(6) The licence continues to have effect under this section even if its expiry date passes.