Term of retention licence and renewal
70E Term of retention licence and renewal
Subject to this Act, a retention licence remains in force for such period not exceeding 5 years as is specified in the licence and then expires.
The Minister may, on receipt of an application made within the prescribed time and in the prescribed manner, renew or further renew a retention licence for a period not exceeding 5 years.
If an application for renewal is made under this section and the term of the licence would but for this subsection expire, the licence shall continue in force in respect of the land the subject of the application until the application is determined.
If the holder of a retention licence transfers the licence after making an application for renewal under this section, the application continues in the name of the transferee of the licence as if the transferee had made it.
[Section 70E inserted: No. 37 of 1993 s. 10(1); amended: No. 17 of 1999 s. 11.]
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