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(1) The Commission may subject to conditions that it may determine grant a licence to an applicant to provide a postal or courier service other than a reserved postal service.

(2) Without limiting the scope of subsection (1) a licence shall state

(a) the type of services to be provided;

(b) the period of validity of the licence; and

(c) the payment to the Commission

(i) of a fee for the grant of the licence; of

(ii) of periodic payments during the existence of the licence or both.