(1) An AACA's accreditation as an AACA commences on the day specified in the notice under subregulation 4.49(3).
(2) The day specified in the notice must not be earlier than:
(a) the day the notice is given; or
(b) if the applicant is not already carrying on a business that includes the handling, or making arrangements for the transport, of cargo--the day on which the applicant commences carrying on such a business.
(3) The accreditation continues in force until the earlier of:
(a) the end of the period specified in the notice; or
(b) if the accreditation is revoked under regulation 4.51D, 4.51DA, 4.51DB or 4.51DC--the day the accreditation is revoked.
Note: If an AACA applies for the AACA's accreditation to be renewed before the end of the period mentioned in paragraph (a), the accreditation continues in force until a decision is made on the renewal application--see regulation 4.51C.
(4) The period specified in the notice must be at least 12 months, but not more than 5 years, after the day on which the accreditation commences.