(1) The ACMA may renew a commercial television broadcasting licence or a commercial radio broadcasting licence if:
(a) the licensee makes an application for renewal of the licence, in accordance with a form approved in writing by the ACMA, at least 20 weeks but not more than one year before the licence is due to expire; and
(b) the application is accompanied by the renewal fee determined in writing by the ACMA.
(2) If the ACMA receives an application for renewal, the ACMA must notify in the Gazette the fact that the application has been made.