Document ID: chunk:federal_register_of_legislation:C2024A00079:clause:1_177
Version: federal_register_of_legislation:C2024A00079
Segment Type: clause
Provision Reference: sch 1 cl 177
Character Range: 57954–59228

177  Subsections 77T(3) to (5)
Repeal the subsections, substitute:

Consequences if charge not paid before end of current financial year
 (3) If the holder fails to pay the depot licence charge for the renewal of the licence before the end of the current financial year, the licence is taken to be suspended for the period beginning on 1 July of the next financial year after the current financial year and ending at the earlier of the following times:
 (a) the time the holder pays the charge;
 (b) the end of 30 July of that next financial year.

Licence renewed if holder pays charge before 30 July of the next financial year
 (4) If the holder pays the depot licence charge for the renewal of the licence during the period of 30 days beginning on 1 July of the next financial year after the current financial year, the licence is taken to have been renewed for another period of 12 months beginning on 1 July of that next financial year.

Licence expires if holder does not pay charge before 30 July of the next financial year
 (5) If the holder fails to pay the depot licence charge for the renewal of the licence before the end of 30 July of the next financial year after the current financial year, the licence expires at the end of that 30 July.

Multiple renewals