(1) An application for renewal of a group licence may be made by a Board to
the Ministerial Corporation before the group licence expires but the
Ministerial Corporation may deal with an application even if it is lodged
later.
(3) Where the decision of the Ministerial Corporation is that the
application for renewal shall be granted, the Ministerial Corporation shall
notify the Board of the prescribed fee, of the period for which the
group licence is to be renewed and of the terms, limitations and conditions
which the Ministerial Corporation has decided shall be attached to the
group licence upon its renewal.
(4) On payment of the whole, or the first
instalment, of the prescribed fee, the Ministerial Corporation shall renew the
group licence for the period and on the terms, limitations and conditions
referred to in subsection (3).
(5) A group licence shall not be renewed for a
period that, except in such circumstances as may be prescribed, exceeds 10
years at any one time.
(6) Pending consideration by the Ministerial
Corporation of the application for renewal and, where the application for
renewal is granted, pending the renewal of the group licence, the
group licence shall not lapse, but if the first instalment of the prescribed
fee or, where that fee is not paid by instalments, the whole of that fee is
not paid within the time prescribed the group licence shall lapse and the
application for renewal shall be deemed to have been rejected.
(7) Where the
Ministerial Corporation deals with an application for renewal lodged after the
group licence expires, subsection (6) has effect as if the application had
been under consideration since before the expiration of the group licence.
