(1) In this section
(to avoid doubt) —
(a)
references to a licence include a licence that, apart from this section, would
be taken by virtue of section 139 to have been in effect before validation
day; and
(b)
references to a fee payable for a period under regulation 5DA(3) include a fee
that, apart from this section, would be taken by virtue of section 139 to have
been so payable before validation day.
(2) Subsection (3)
applies (subject to subsection (4)) if, before validation day, the CEO gave
written notice to the holder of a licence to the effect that the licence had
ceased to have effect under regulation 5DA(5) because of the non-payment of a
fee payable for a period under regulation 5DA(3).
(3) The licence is
taken to have ceased to have effect under regulation 5DA(5) as notified by the
CEO.
(4) Subsection (3)
does not apply if, before validation day —
(a) the
CEO issued to the holder of the licence an invoice setting out the amount of
the fee as calculated by the CEO and the holder paid that amount to the CEO;
or
(b) the
holder of the licence otherwise paid an amount to the CEO and the CEO accepted
the payment as payment of the fee; or
(c)
there was a dispute between the holder of the licence and the CEO as to the
amount of the fee and the holder paid the CEO the amount of the fee to the
extent undisputed.
[Section 140 inserted: No. 36 of 2024 s. 47.]