S.L. 128.1 Art. 4Validity of licence.

(1) All licences issued or renewed by the Commissioner shall be valid from the date of issue or renewal, unless some other date is indicated thereon for such purpose, and all such licences, with the exception of those mentioned in subregulation (3), shall lapse on the thirty-first day of December of the year in which they are issued or renewed, subject to renewal in accordance with any law or regulation applicable to such licences.

(2) Where any licence is issued or renewed after the first day of January of any year, the period between the date on which or with effect from which such licence is issued or renewed and the thirty-first day of December of that year, unless it is otherwise provided in respect thereof in these regulations, shall be deemed to be a full year for the purposes of the payment of any fees prescribed in relation to such licence in the First Schedule to these regulations.

(3) Licences issued or renewed in respect of one or more specified dates or periods shall lapse on the date indicated thereon.

(4) For the purposes of securing that the work of renewing licences will be evenly spread the Commissioner may fix the periods during which licences of any one or more classes are to be renewed, and notice of such periods shall be published in the Gazette.

(5) Any person who renews his licence within the period fixed by the Commissioner under the last preceding subregulation shall not be deemed to have acted without a licence during the interval between the date of expiry of the last licence held by him and the last day of the period fixed by the Commissioner, by reason only that the licence was not renewed before the date of its expiry.