(1) A licence granted under this Act is for the period specified in the licence and may be renewed.

(2) An application for the renewal of a licence shall be made to the Commission not later than sixty days before the licence expires.

(3) The procedure for the renewal of a licence granted under this Act shall be the same as that applicable to the granting of the original licence.

(4) A licensee who fails to renew the licence or that has the application for the renewal of the licence rejected by the Board shall cease to provide the services to which the licence relates.