Victorian Current Acts Victorian Current Acts(1) An approval of an assessment scheme under this Part remains in force for the term decided by the Business Licensing Authority when granting the application for approval or renewal of the assessment scheme, unless it is sooner cancelled, suspended or otherwise ended.
(2) A term under subsection (1) must not be more than 5 years.
(3) A variation of an approval under this Part does not extend the term of the approval.