New South Wales Consolidated Acts

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Grant of CMS licence

136 Grant of CMS licence

(1) The Minister may, after considering an application under Part 12 for a CMS licence--
(a) grant a CMS licence to the applicant, or
(b) refuse to grant a licence.
(2) A CMS licence granted under this section--
(a) comes into force on the day on which it is granted or on such later date as may be specified in, or determined in accordance with, the CMS licence, and
(b) remains in force for the term specified in the CMS licence unless sooner cancelled or surrendered, and
(c) may be granted on the basis that no other CMS licence will be granted during the term of the licence, and
(d) is subject to such conditions as may be imposed by or under this Act or the regulations or are specified in the CMS licence.
(3) A CMS licence granted on the basis referred to in subsection (2) (c) is referred to in this section as an
"exclusive CMS licence" .
(4) The Minister may not grant a CMS licence under this section in relation to any period in which an exclusive CMS licence is in force.
(5) A CMS licence may be granted to 1 person or 2 or more persons jointly.
(6) Without limiting subsection (2) (a), a CMS licence may provide that the licence comes into force on or after the day on which specified criteria have been satisfied.

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