Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) A licence continues in force—
(a) if the licence is expressed to be in force for a particular period—until the end of the period; or
(b) otherwise—until it is cancelled or surrendered.
(2) A licence is not in force during a period of suspension.
(3) A licence issued as a result of an inadvertent dealings application must not be expressed to be in force for a period of longer than 12 months.