12—Terms and conditions of licence
(1) A licence has effect for a period of 5 years from the day on which it is granted, or such shorter period as specified in the licence, unless it is sooner suspended or cancelled.
(2) A licence is subject to the prescribed terms and conditions (if any).
(3) The Chief Executive may, at any time by notice in writing to the holder of a licence—
(a) impose a term or condition on a licence; and
(b) vary, suspend or revoke a term or condition of a licence,
and such a term, condition, variation, suspension or revocation takes effect when notice is given to the holder of a licence or on such later date as specified in the notice.
(4) The Chief Executive may exercise a power under subsection (3)
—
(a) on the application of the holder of a licence; or
(b) in the Chief Executive's discretion.
(5) An application by the holder of a licence under subsection (4)(a)
must—
(a) be in writing; and
(b) be accompanied by the relevant prescribed fee (if any); and
(c) be accompanied by any prescribed particulars.
(6) Without limiting subsection (3)
, the conditions of a licence may require—
(a) the keeping of records and other documents; and
(b) the provision of information, records or other documents to the Chief Executive relating to—
(i) the activities carried out under the licence; or
(ii) the source of seeds from which hemp or industrial hemp is cultivated; or
(iii) a change in the position of director, trustee, partner, manager, secretary or other executive position, however designated, or the structure of the business to which the licence relates; or
(iv) any other matter that the Chief Executive reasonably requires in relation to the licence or the licensed activity.
(7) A licence is not transferrable.