75AAA—Term of licence and surrender
(1) Subject to this
section and the regulations, every licence will be issued or renewed for a
term not exceeding 10 years, specified on the licence.
(2) The term of a
licence commences—
(a) on
the day on which it is granted; or
(b) if
the licence is renewed on application made before the expiry of the previous
licence—on the day after that expiry.
(3) If a licence is
renewed on application made within six months after the expiry of the previous
licence, the term for which the licence is renewed is to be calculated from
the day after that expiry.
(4) Subject to this
Act and any other Act, a licence expires on the last day of the term for which
it was granted or renewed.
(5) A
probationary licence expires at the end of the period for which the
probationary licence conditions are effective but may be renewed as a licence
not subject to probationary licence conditions.
(6) A
provisional licence expires at the end of the period for which the
provisional licence conditions are effective but may be renewed as a licence
not subject to provisional licence conditions.
(7) Subject to
subsection (8), an application for renewal of a licence must be made
before the expiry of that licence.
(8) The Registrar may
renew a licence despite its expiry provided that application for renewal is
made within five years of the expiry.
(9) Despite the
renewal of a licence after its expiry, the holder of the licence is not, for
the purposes of this Act, to be taken to have been licensed during the period
between the expiry of the licence and the date of its renewal.
(10) The Registrar
may, if of the opinion that it is appropriate to do so, extend the term of a
licence for a period not exceeding 12 months.
(11) On surrender of a
licence—
(a)
the Registrar must cancel the licence; and
(b) the
person surrendering the licence is, subject to the regulations, entitled to a
refund of a proportion of the licence fee determined in accordance with the
regulations.