Document ID: chunk:federal_register_of_legislation:C2024A00051:clause:1_27
Version: federal_register_of_legislation:C2024A00051
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 13268–14187

27  Subsection 83(1)
Repeal the subsection, substitute:
 (1) A warehouse licence comes into force on the date on which the licence is granted, unless the Comptroller‑General specifies a different date in a written notice given to the applicant, in which case the licence comes into force on the specified date.
 (1A) A warehouse licence that is not an excise‑equivalent warehouse licence remains in force until the cancellation or expiry of the licence, whichever occurs first.
 (1B) For the purposes of subsection (1A), a licence expires at the end of:
 (a) unless paragraph (b) of this subsection applies—the next 30 June following the grant of the licence; or
 (b) if the licence is renewed one or more times under section 84—the last day of the 12 month‑period beginning on the 1 July following the most recent renewal.
 (1C) An excise‑equivalent warehouse licence remains in force until the licence is cancelled.