Document ID: chunk:federal_register_of_legislation:C2024C00638:section:40
Version: federal_register_of_legislation:C2024C00638
Segment Type: section
Provision Reference: s 40
Character Range: 75193–76403

40  Steps involved in the grant of a fully effective licence
 (1) The following 3 steps must occur before a licence comes into force:
 (a) provisional grant of the licence;
 (b) proper acceptance of the grant;
 (c) registration of the grant.
Note: See sections 88, 154, 232 and 286.
 (2) If a licence is provisionally granted to a person, the person must do the following to properly accept the grant:
 (a) give the Designated Authority a written acceptance;
 (b) lodge any security that the Joint Authority has required;
 (c) pay the fees that are payable under the Fees Act.
Note: See sections 70, 84, 151, 214, 228 and 283.
 (3) The following 3 steps must occur before a renewal of a licence comes into force:
 (a) provisional renewal of the licence;
 (b) proper acceptance of the renewal;
 (c) registration of the renewal.
Note: See sections 89, 155, 233 and 287.
 (4) If a licence is provisionally renewed, the holder must do the following to properly accept the renewal:
 (a) give the Designated Authority a written acceptance of the renewal;
 (b) lodge any security that the Joint Authority has required;
 (c) pay the fees that are payable under the Fees Act.
Note: See sections 114, 173, 250 and 300.