Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) If the registrar grants an application for the renewal of a licence, the registrar shall issue to the applicant a renewal of the licence to carry on business subject to any conditions imposed by the registrar.
Note A fee or charge may be determined under s 91 (Determination of fees and charges) for this subsection or s (2).
(2) A licence shall be renewed for 12 months or for the shorter period specified in the application or the registrar allows, but may be renewed for successive periods of 12 months.
(3) The registrar may grant an application for the renewal of a licence subject to conditions.
(4) A person shall not carry on business under a licence that has been renewed subject to a condition unless the person complies with the condition.
Maximum penalty: 50 penalty units.
(5) Without limiting the scope of the conditions that may be imposed under subsection (3), if the registrar considers that the financial position of the applicant requires it, the registrar may impose a condition relating to the size of the business that the applicant may operate under the licence as renewed.