After the end of the period specified in section 62C(2)(a) (or that period as extended under section 174), the Commission must—
(a) if no objection is made, cancel the licence or BYO permit; or
(b) consider any objection made under section 62C and decide whether or not to cancel the licence or BYO permit.
Division 9—Surrender and lapse of licence or BYO permit