Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsA person who is taken to hold a liquor licence under subregulation 47(1), 48(1), 49(1), 50(1) or 51(1), or a subletting of the right to sell liquor that a person is taken to hold under subregulation 48(3) or 50(3), is to be treated as if the licence or subletting were held under the Liquor Act.