[5] Section 17 Duration of licence
5 [5] Section 17 Duration of licence
Omit section 17 (3). Insert instead—
An application for a licence or renewal of a licence is to nominate one of the following terms of duration for the licence (the nominated term)—
1 year,
3 years,
5 years.
The Secretary may grant or renew a licence for the nominated term or a shorter term than the nominated term if satisfied that it is in the public interest to do so.
Note—
A licence may cease to be in force by operation of section 27 of the Crimes (Criminal Organisations Control) Act 2012.
If an application for renewal of a licence has been made but the application is not finally determined by the Secretary before the expiry of the licence, the licence (if not suspended or sooner cancelled) continues in force until the application is finally determined.
If a licence is granted or renewed for a shorter term than the nominated term, the Secretary is to refund to the applicant the difference between the fee for the nominated term and the fee for the term that was granted.
This Act’s bill:Explanatory memorandumSecond reading speech
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