Document ID: chunk:federal_register_of_legislation:C2004A02490:body:0:p46
Version: federal_register_of_legislation:C2004A02490
Segment Type: other
Provision Reference: 
Character Range: 112737–115370

a transaction is joined with an inquiry into a renewal of a licence, the following provisions have effect in relation to the inquiry to the extent that it relates to the renewal of the licence:
     (a) if an application for renewal of the licence has not been lodged with the Tribunal under sub-section 86 (1), the Tribunal shall, by notice in writing served on the licensee, require the licensee to lodge an application under that sub-section within the period specified in the notice, not being less than 21 days after the service of the notice, and the licensee shall comply with the requirement;
     (b) if the licence is due to expire before the completion of the inquiry, the Tribunal may, without holding an inquiry for the purpose, renew the licence, pending the completion of the inquiry, for a period not exceeding 12 months, but the licence shall not be so renewed more than once in relation to that inquiry;
     (c) sub-section 86 (8), and the provisions of section 86 relating to the consideration of an application without holding an inquiry, have no effect;
     (d) if the licence is renewed in pursuance of the inquiry, so much of the period of currency of the licence as in force before the renewal as, but for this paragraph, would be unexpired immediately before the date of commencement of the licence as so renewed shall be deemed to expire on that date; and
     (e) in determining whether the circumstances justify the Tribunal in specifying a period of less than 3 years for the purposes of sub-section 87 (2), the Tribunal may take into account the effect that the transaction will have, or has had, as the case requires, or the effect that any other transaction that the Tribunal has reason to believe is likely to take place will have, on the ownership or control, whether direct or indirect, of the licensee.
"(10) Where a transaction, being a transaction in relation to which section 92f applies to a person who is a party to the transaction, takes place—
     (a) after notice is served on the person under sub-section (2) refusing approval of the transaction in whole or in part; or
     (b) after approval of the transaction in whole or in part ceases to have effect in pursuance of a condition imposed under sub-section (5),
the person is guilty of a separate offence in respect of each day (including the day of a conviction under this sub-section or any subsequent day) during which he holds shareholding interests, or interests, (not being, in a case to which paragraph (a) applies, shareholding interests, or interests, in respect of which approval has been granted under this section) in the