TAB (Disposal) Act 2019

A wagering licence —

takes effect at the time the licence is granted or at a later time specified in the licence; and

is valid for 40 years, or any lesser period stated in the wagering licence, unless —

cancelled or surrendered earlier in accordance with this Part; or

extended under this section.

If invited by the Minister to do so, the wagering licensee may, before the wagering licence expires, apply to the Minister for a licence extension.

On application under subsection (2), the Minister may extend the wagering licence for a period determined by the Minister, after consulting —

the Commission; and

any other person the Minister considers appropriate.

A wagering licence may be extended under this section more than once, but the total cumulative period for which a wagering licence may be extended under this section cannot exceed 2 years from the day on which the licence would otherwise expire.

A wagering licence cannot be renewed, but a person who holds or has held a wagering licence may apply for a subsequent wagering licence if invited by the Minister to do so.