19
CurrentPeriod of licence
Part 4Provisions governing construction and operation of people mover systems
19 Period of licence
(1)
A licence shall take effect on the date of its issue by the chief executive and shall continue to have effect for the period specified therein, not exceeding—
(a)
in a case where the Governor in Council has approved that the licence may be granted for a period that is in excess of 25 years—that period;
(b)
in any other case—25 years;
unless it is duly cancelled or surrendered.
(1A)
On expiry of a licence the chief executive may issue to the person who, immediately before the expiry, was the holder thereof a further licence.
(2)
The holder of a licence may surrender the licence to the chief executive at any time.
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