In this Division
—
year , in relation to the period when a licence is
in force, means —
(a) the
period of 12 months commencing on (and including) the day on which the
provisional grant of the licence is properly accepted; or
(b) a
period of 12 months commencing on (and including) an anniversary of that day;
or
(c) a
period of less than 12 months that —
(i)
commences on (and includes) —
(I) the day on which the provisional grant
of the licence is properly accepted; or
(II) an anniversary of
that day;
and
(ii)
ends on the expiry of the licence.