Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The provisional renewal of a retention licence is properly accepted by the licence holder if, before the end of the primary payment period, the holder:
(a) gives the Designated Authority a written acceptance of the renewal; and
(b) lodges any security required by the Joint Authority under section 399; and
(c) pays the fees that must be under the Retention Licence Fees Act.
Note: Under section 155, the renewal of the licence cannot be effective before it is registered (see section 334 for registration).
(2) The provisional renewal of a retention licence is properly accepted by the licence holder if the holder:
(a) has been granted an extension of the primary payment period under section 172; and
(b) before the end of the secondary payment period:
(i) gives the Designated Authority a written acceptance of the renewal; and
(ii) lodges any security required by the Joint Authority under section 399; and
(iii) pays the fees that must be paid under the Retention Licence Fees Act.
Note: Under section 155, the renewal of the licence cannot be effective before it is registered (see section 334 for registration).