If —
(a) a
retention licence holder applies to renew the licence under section 159; and
(b) the
current term of the licence expires; and
(c) a
renewal of the licence does not take effect immediately after the current term
expires,
the licence remains in
force after the current term expires until —
(d) a
renewal of the licence takes effect; or
(e) a
provisional renewal of the licence lapses; or
(f) the
application for renewal is withdrawn or refused.