New South Wales Consolidated Acts

SECURITY INDUSTRY ACT 1997 - SECT 24

24 Term of licence

(1A) A licence comes into force on the day that it is collected from the place nominated by the Commissioner under section 21 (1) (a).

(1) A licence remains in force for a period of 5 years (or such shorter period as may be prescribed by the regulations) from the day on which it comes into force, unless sooner surrendered or revoked or it otherwise ceases to be in force.

(2) A licence cannot be renewed, but an application for a new licence may be made in accordance with this Act.

(3) Despite subsection (1), if the person who made the application for a licence (the "applicant") fails to collect the licence in accordance with the condition set out in section 21 (4):

(a) the licence does not come into force and is taken to have not been granted, and

(b) for the purposes of section 18 (5), the applicant is taken to be a person who was an applicant for, but was never granted, a licence.