(1) The ACMA may, at any time prior to a spectrum licence expiring, prepare:
(a) a draft of a new spectrum licence that would wholly or partly replace that licence; or
(b) drafts of 2 or more new spectrum licences that, taken together, would wholly or partly replace that licence.
(2) The conditions included in a draft licence need not be the same conditions as those included in the licence that is to be replaced.