Commonwealth Consolidated Acts Commonwealth Consolidated ActsExport licences that have no expiry date
(1) If there is no expiry date for an export licence, the licence remains in force unless it is revoked under Part 6.
Export licences that have an expiry date
(2) If there is an expiry date for an export licence (including an export licence that has been renewed under Part 3), the licence remains in force until the end of that expiry date unless:
(a) the licence is renewed under Part 3 on or before that date; or
(b) the licence is revoked under Part 6 on or before that date.
(3) There is an expiry date for an export licence if:
(a) rules made for the purposes of subsection (5) apply in relation to the export licence; or
(b) an expiry date for the export licence set under subsection 191(3) or 196(3) or paragraph 201(1)(c) or (d) is in force in relation to the export licence.
(4) The expiry date for an export licence is:
(a) if rules made for the purposes of subsection (5) apply in relation to the export licence and no expiry date set under subsection 191(3) or 196(3) or paragraph 201(1)(c) or (d) is in force in relation to the export licence--the last day of the period prescribed by the rules; or
(b) if an expiry date for the export licence set under subsection 191(3) or 196(3) or paragraph 201(1)(c) or (d) is in force in relation to the export licence--that date.
Rules may prescribe period of effect of export licence
(5) The rules may prescribe the period during which an export licence remains in force. The rules may apply in relation to:
(a) export licences generally; or
(b) export licences for a kind of export operations in relation to a kind of prescribed goods and, if applicable, a place to which the goods may be exported.