(1) A licence is subject to (a) conditions specified in the licence at the time of the issue or renewal of the licence; and(b) conditions imposed by the Regulator under subsection (2) .(2) The Regulator may, by written notice given to the holder of a licence, add to or vary the conditions of the licence.(3) The holder of a licence must not contravene a condition of the licence.Penalty: Fine not exceeding 100 penalty units.