(1)  The holder of a venue licence may, not earlier than 5 years before the expiration of the current licence, apply to the Commission for the renewal of the licence.

(2)  If an application is made under subsection (1)  –

(a) the current licence continues in force until the licence is renewed or its renewal is refused; and

(b) if renewed, the renewal takes effect from the day on which the current licence was due to expire.

(3)  If the current licence ceases to be in force due to the operation of subsection (2)(a) , the Commission may give the holder of the licence a prescribed proportional refund of the annual licence fee paid in respect of that licence.

(4)  An application for renewal must –

(a) be in a form approved by the Commission; and

(b) contain any information, and be accompanied by any documents, that the Commission requires; and

(c) be accompanied by the prescribed fee.

(5)  Sections 38 , 39 , 40 , 40A , 41 and 42 apply to an application for the renewal of a venue licence in the same manner as they apply to an application for the granting of a venue licence.

(6)  The Commission may refuse to renew a venue licence if the holder of the licence does not –

(a) comply with a requirement imposed under section 40 within 60 days of the requirement being made; or

(b) if the Commission requires the provision of further information under that section, provide such information within 60 days of the further requirement being made.