(1) A registration that is granted, renewed or restored under this Part remains in force until 31 December of the year in which the registration was granted, renewed or restored, unless sooner cancelled or suspended.
(2) If a registration is granted or restored for a period of less than 12 months, the Board may impose a reduced registration fee proportionate to the term of the registration period for which the registration is granted or restored.
S. 12 amended by No. 80/2009 s. 79 (ILA s. 39B(1)).